Hello! I'm new, but have been lurking for about 2 months now and want to say I LOVE this board! GREAT advice which I've followed a bit. Here's my question: I'm trying to hit the 4 CC/1 retail CC, and so far: Cap1 as of 7/16 (that's right!) GetSmart as of 6/01 1st Premier as of 1/01 I tried for the Target online (about 1 mo ago when I had a EX/Fico of 601) but got the "further processing" response and then the "no thanks" letter. I'm looking for a retail CC that is NOT associated with Monogram Bank, but that I can get with a now FICO (as of 7/19/01) of 572... Thanks! Deb
wow. How did your FICO dip down so much? I wouldn't think that new accounts would lower it that much, or did they?
Me either! I have no idea; no new deliquents... I thought that my auto loan (as of 1/01) and the 1st Premier going over 6 mo. would have increased it.. maybe too many inquiries?
Yepper ;-) That's what made me get the GetSmart and Cap1 (June was my 6 mos on the auto and 1st Premier... secured, BTW). Should I wait a couple more months and get another subprime CC, or get a retail? I'm thinking that a retail may be easier to get at Xmas time (with all the store promotions, etc.) Deb
Hi, Deb...welcome!! I don't have an answer for you..but I'd be interested in what they have to say..Good luck. Keep us informed, o.k.?
Hello, I was a lurker too for awhile but I too understand how new accounts can crash a credit score..My score fell from a 573 with no accounts and 2 inquries in the last 18 months..Now with 6 inquries (eq ) and 4 new cc lines ( CCB, PRovidian, Getsmart, and FCNB and soon to be a joint on my mothers Target card but my score now is a 506..All within a 4 month process my score has dropped by 67 points...It was a 533 with 2 accounts reporting...Now with 4 it dropped another 27 points