up 24 points in a week!!

ptilda · ‎12-15-2013

I'm estatic! Started this serious repair just about two weeks ago. Put in a bunch of apps & ended up with a bunch of new CCs, two CUs (local + PenFed), and a $2k personal loan. Knew my score would drop, but it went from 651-ish to 618. Granted, these are different reports, so it's not a science.

Just got a notification today that I'm back up at 142! Gained almost everything back in a week! And not everything is reporting yet as far as util and payments, because I just started on that. This is excellent news! Let's do the happy dance!

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711

alvon123 · ‎12-15-2013

GREAT WORK!!!! Congrats

Navy Cash Rewards Visa Signature 30,000 @ 11.65%

Comenity Caesars Rewards Visa $20,000 @22.99%

USBANK Kroger Rewards World Elite Mastercard $19,000 @23.99%

pizza1 · ‎12-15-2013

Very nice!!! Same thing will happen to me. Opened 4 new store cards in the last 2 days. I'm done

ill see a drop I'm sure, but hopefully going to be gaining it back by April

ptilda · ‎12-15-2013

@pizza1 wrote:
Very nice!!! Same thing will happen to me. Opened 4 new store cards in the last 2 days. I'm done ill see a drop I'm sure, but hopefully going to be gaining it back by April

I opened 11 in a week. You have nothing to fear!

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711

CreditHealthy · ‎12-15-2013

Congrats! and good luck to all!

What's in my sock drawer? NFCU LOC 15,000] NFCU Cash Rewards 20,000][ Golden 1Platinum Rewards Card 6,600 Discover It 5,000,] {NFCU goRewards 17,500} Barclaycard 1250.00,]Cap one 750.00 ], Watering my garden for the next five years:-)
EQUIFAX 727 EXPERIAN 732 TRANSUNION 743 FICO} STARTING SCORE....554 July 2013

mf91745 · ‎12-15-2013

Sorry for being dense but ... is it a common strategy to apply for a bunch of new credit cards to improve your score? The score drops initially due to the hard pulls but then jumps back up? Should pretty much everyone do this? Thanks for filling me in....!!!

ptilda · ‎12-16-2013

@mf91745 wrote:
Sorry for being dense but ... is it a common strategy to apply for a bunch of new credit cards to improve your score? The score drops initially due to the hard pulls but then jumps back up? Should pretty much everyone do this? Thanks for filling me in....!!!

It's not because of adding nw cards. That can actually backfire on you, but in my case, I had no credit cards before my "spree," so it was helpful for my "credit mix." Also, it raises the overall util to have extra available credit.

The negative side is that it brings down the AAoA, and of course, retail cards are a temptation that some should not subject themselves to.

Hope that helps.

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711