My advice to you is to slow your roll.
You're going crazy with apps man, even taking bad terms. If you were interested in building installment loan history, the easiest and cheapest way is to use a secured loan from a bank or credit union. No need to get ripped off by a storefront on the corner finance company.
The late is hurting you, have you tried to ask for a goodwill adjustment?
Otherwise, I advise you to Garden for 12 months.
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@Croselx wrote:Hi there here's my story; I have 1 CC with a 500$ limit since July 2009, a 300$ paypal smart connect since April 2011 and a 1k loan from Island Finance since May this year. At the time I took the loan my credit with transunion (what they pulled) was 657, the same as the vantage score on creditkarma.
Recently I applied for a Home Depot CC and got denied, reason should be arriving in the mail this week.
Useful info:
I have 10 hard inquiries from last 1 year and 4 months. Made a total of 4 inquiries this year. 2 from HD (one in March and one recently), 1 in walmart (they said couldn't verify information through phone and denied, didn't pursue in-store), 1 inquiry for the 1k$ loan which was approved with high interest (accepted to diversify credit)
Current credit karma overall score of 696, vantage of 667.
Credit utilization of 6%
One 30 days late payment in April 2011.
Average credit age is 2 years, 10 months.
Total credit card limit of 800$
The reason they used in previous failed applications were, short credit story, lack of different credit, high balances (were higher than 50%, but lowered), after lowering balance the previous 2 reasons remained.
Age: 22
What can I do to get approved for in-store credit cards? Wait for my loan to age?
And what can I do about inquiries, I have 10, but most I have done were 2 HD inquiries, 1 walmart, 1 Island Finance, 2 from other financial institutions, 1 for paypal and 1 for a truck loan, which was approved with a 3k$ down payment which I declined. I believe the dealer made applications to different banks which ultimately lead to 3 total inquiries and false information about my income and real job. Thanks for any help you can provide.
That late is still recent. I would try for GE backed cards (Lowes, Old Navy, JCP). Easier approval guidelines and very good on CLI's. Stay away from prime banks for at least 6 months to a year.
@Croselx wrote:The 500$ CC is a Visa from Banco Popular (a bank in Puerto Rico), basically a student CC, it is the maximum amount allowed for this type of card so can't request a CLI and a new card will most likely get denied because this bank has higher requirements than a store.
Good news(apparently), I called paypal just a few minutes ago and requested a CLI over their automated system and got approved for a 508$ increase to 808$ (odd number lol). WIll see how it goes as it still isn't reflected on paypal and times out whenever I try to see my card information.
Do inquiries really don't count after a year? I thought it was 2 (would of waited before applying for HD cards). And for late payments, how long do they last on CR?
Basically call and write your Customer Service company explaining why you were late and how it will never happen again. sometimes they will agree to remove the late reporting, especially if there were extenuating circumstances.
They may not find it in goodness of their hearts (computer chips) to help you, however, its always worth a try, and you should try multiple times
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!