Credit Card Lowering Credit By 20 Points
Author: gomirage
Posted: Sun Apr 09, 2006 2:43 pm
Post subject: No Credit check cards
I have an average score of 680. I want to improve my card and I am planning on openning several secured credit card (with balances 200). Once i get the cards I will automatically stuff them and never use them. All i need is having a 100% availability showing in my reports. Is this a good idea ?
Also, I don't want them to do any credit check to avoid damaging my score.
What are the cards you thinkg would be the one to go for. I don't want an annual fee either.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: fitz75
Posted: Sun Apr 09, 2006 2:53 pm
Post subject: Credit Card Lowering Credit By 20 Points
Why are you choosing to go the secured route with a 680 credit score? I was able to get Amex delta sky miles/Amex blue cash, Cap One, Hooters MC, Emigrant Direct MC, WAMU visa with a 640ish credit score. The only lenders I had issues with was Chase, Citi, and Discover.
Author: gomirage
Posted: Sun Apr 09, 2006 2:55 pm
Post subject:
I don't want a credit check. Last week I was approved for a Citi Pro for $4,000 CL. Yesterday I watched my score drop by 20 points.
Author: mouse
Posted: Sun Apr 09, 2006 3:23 pm
Post subject:
gomirage wrote:
I don't want a credit check. Last week I was approved for a Citi Pro for $4,000 CL. Yesterday I watched my score drop by 20 points.
Must be some other reason for a 20 point drop
Most people get 3--7 point drop
Author: TomfromCT
Posted: Sun Apr 09, 2006 3:49 pm
Post subject: Credit Card Lowering Credit By 20 Points
I'm not sure why...but....something with this whole story and plan does not add up.
_________________
Avg FICO 738
2 reports full of perfection
1 report with 1 derog.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: creditbuilder
Posted: Sun Apr 09, 2006 5:34 pm
Post subject: Credit Card Lowering Credit By 20 Points
You're not going to get a card without a credit check unless it's secured. Your score didn't drop 20 points because of the inquiry, it was because of the new card. It lowers your average age of accounts. I think there is also a penalty for having a new account in the last 6 months.
Author: gomirage
Posted: Sun Apr 09, 2006 7:46 pm
Post subject: Credit Card Lowering Credit By 20 Points
well, here's what happened. Below my two scores between 2/20/06 and 4/10.
Between the reports I reponded to an offer from CITI, got dividend plat $2900. They called me and asked me if I want professional. I said sure !!! Got another card 4,000 CL with no additional inquiry. Then I realized I need more and called them back. They pulled equifax and told me to ask again in six month. I then responed last week to an offer from BOA. Was approved online for 7300. I havent received the card yet but they pulled Transunion.
Now here are my score between 2/20 and 3/10. Actually TU drop by 29 and Eq 19. Stange
TU Ex Eq
724 684 678
695 678 659
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sun Apr 09, 2006 2:43 pm
Post subject: No Credit check cards
I have an average score of 680. I want to improve my card and I am planning on openning several secured credit card (with balances 200). Once i get the cards I will automatically stuff them and never use them. All i need is having a 100% availability showing in my reports. Is this a good idea ?
Also, I don't want them to do any credit check to avoid damaging my score.
What are the cards you thinkg would be the one to go for. I don't want an annual fee either.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: fitz75
Posted: Sun Apr 09, 2006 2:53 pm
Post subject: Credit Card Lowering Credit By 20 Points
Why are you choosing to go the secured route with a 680 credit score? I was able to get Amex delta sky miles/Amex blue cash, Cap One, Hooters MC, Emigrant Direct MC, WAMU visa with a 640ish credit score. The only lenders I had issues with was Chase, Citi, and Discover.
Author: gomirage
Posted: Sun Apr 09, 2006 2:55 pm
Post subject:
I don't want a credit check. Last week I was approved for a Citi Pro for $4,000 CL. Yesterday I watched my score drop by 20 points.
Author: mouse
Posted: Sun Apr 09, 2006 3:23 pm
Post subject:
gomirage wrote:
I don't want a credit check. Last week I was approved for a Citi Pro for $4,000 CL. Yesterday I watched my score drop by 20 points.
Must be some other reason for a 20 point drop
Most people get 3--7 point drop
Author: TomfromCT
Posted: Sun Apr 09, 2006 3:49 pm
Post subject: Credit Card Lowering Credit By 20 Points
I'm not sure why...but....something with this whole story and plan does not add up.
_________________
Avg FICO 738
2 reports full of perfection
1 report with 1 derog.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: creditbuilder
Posted: Sun Apr 09, 2006 5:34 pm
Post subject: Credit Card Lowering Credit By 20 Points
You're not going to get a card without a credit check unless it's secured. Your score didn't drop 20 points because of the inquiry, it was because of the new card. It lowers your average age of accounts. I think there is also a penalty for having a new account in the last 6 months.
Author: gomirage
Posted: Sun Apr 09, 2006 7:46 pm
Post subject: Credit Card Lowering Credit By 20 Points
well, here's what happened. Below my two scores between 2/20/06 and 4/10.
Between the reports I reponded to an offer from CITI, got dividend plat $2900. They called me and asked me if I want professional. I said sure !!! Got another card 4,000 CL with no additional inquiry. Then I realized I need more and called them back. They pulled equifax and told me to ask again in six month. I then responed last week to an offer from BOA. Was approved online for 7300. I havent received the card yet but they pulled Transunion.
Now here are my score between 2/20 and 3/10. Actually TU drop by 29 and Eq 19. Stange
TU Ex Eq
724 684 678
695 678 659
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:57 PM
0 Comments:
Post a Comment
<< Home