how many cc's to apply for?

[Migraine]

I own zero cc's and want to apply for just a couple to rebuild my credit.I was rejected yesterday for one,so there's one inquiry.How long should I wait before applying for another? 1 week, 1 month, or is it best to apply back to back?

[Anonymous]

To help someone answer your question, what are your scores and what kind of bad items do you have on your reports?

My scores are in the high 500's, a CC paid collection, an IRS lien and a paid phone co collection.  I have a good BoA card, a good mortgage, and a few good mortgage historys that were sold but still show on my reports,

I just got an unsecured Orchard Bank HSBC card with $500 limit.  According to a lot of people here the Orchard card is a fairly easy card to get and a great Credit Builder.  

Hope that helps...

OOPS - I read your question again and I guess I really didn't answer it, you may already know all that I wrote about Orchard...I don't know the answer to your inquiry question but someone here will chime in...

Message Edited by ctrob on 06-17-2007 06:14 AM

Message Edited by ctrob on 06-17-2007 06:16 AM

[sl]

I applied for credit three times in one year. The first two did not ding my credit. The third inquiry dropped it 7pts. For me, two were safe.

[Migraine]

---

sl wrote: I applied for credit three times in one year. The first two did not ding my credit. The third inquiry dropped it 7pts. For me, two were safe.

---

Thank you all!

[Anonymous]

What are your scores?

[fused]

---

Migraine wrote:
I own zero cc's and want to apply for just a couple to rebuild my credit.I was rejected yesterday for one,so there's one inquiry.How long should I wait before applying for another? 1 week, 1 month, or is it best to apply back to back?

---

Hi!  Since you have no cc's I recommend you you pull your FICO reports and scores at this site and also read the thread below courtesy of moderator Tuscani.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

[Anonymous]

---

Migraine wrote:
I own zero cc's and want to apply for just a couple to rebuild my credit.I was rejected yesterday for one,so there's one inquiry.How long should I wait before applying for another? 1 week, 1 month, or is it best to apply back to back?

---

What card did you apply for, and who did they pull?

Give recon a try.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=3183