Increased CL but Very New Accts

CreditJunkie917 · ‎01-08-2014

i went on a wild app spree last month with some very good results. App'd and approved for everything in my siggy except for the NFCU CR and the Cap1 cards. Once all the accts report, will have increased CL to $69K from $10.7K. So in that regard, I would assume a significant jump because my overall UTI would be at around 7% from 48% at my current balances. But I also realize 9 new accts in one month will take it's hit on my AAoA. So I'm thinking this will counter balance the gains from CLI. What do you think?

Amex PRG(NPSL), Amex BCE($5K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($2.3K), Chase Marriott($1.8K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(Sept. 2016): FICO EQ: 672, TU: 703(?), EX: 682 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!

Revelate · ‎01-08-2014

@CreditJunkie917 wrote:
i went on a wild app spree last month with some very good results. App'd and approved for everything in my siggy except for the NFCU CR and the Cap1 cards. Once all the accts report, will have increased CL to $69K from $10.7K. So in that regard, I would assume a significant jump because my overall UTI would be at around 7% from 48% at my current balances. But I also realize 9 new accts in one month will take it's hit on my AAoA. So I'm thinking this will counter balance the gains from CLI. What do you think?

Depends what your AAOA was prior to the spree. I'm guessing the accounts may have been opened in roughly Jan '13: that being the case, there will be no penalty for AAOA being shortened as the algorithm rounds everything <2 years to 1 year.

Anonymous · ‎01-09-2014

Dropping your utilization from 48% to 7% is a big deal.