Worried About Hard Pulls

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2 posts
burrish
 
Posts: 2
Joined: Wed Aug 01, 2012 2:04 pm
Location: Texas

Worried About Hard Pulls

Postby burrish » Wed Aug 01, 2012 2:23 pm

Greetings to everyone! This is my first post here, and the reason is because it didn't occur to me that hard pulls were going to be done after applying for two credit cards. I'm bummed that my score is about to go down as a result. As a point of reference, I've rebuilt my credit score up to the mid-high 600s since I started using a secured card from Capital One a year ago. The credit limit on there is only $250, though I just submitted a response to their offer of an increase up to a whopping $350.

My purpose in applying for two new cards was to show a lower utilization percentage on my reports, and I'm hoping that that bumps my credit score, faster. I've already been approved for the Discover ($3000), but Amex didn't give me an online answer; they're sending me a response in the mail within 10 days. I haven't actually activated the Discover account, and I'm thinking about forgetting it altogether so I can have only one additional card aside from my CapOne Visa. I won't get dinged for closing an un-activated account, will I? Yes, I applied and it was approved, but I don't think I should get penalized if I never have an active card.

My other reason for applying for more accounts was to have more active accounts in general, which appears to be a good thing for a credit report. Am I wrong on this? Am I approaching this the right way?

On another note, it appears that paying off the full balance each month on my CapOne isn't very helpful for the score. Is there a method to making the payments to where it will show a less-than-30% utilization and not a zero balance? I apologize for the ignorance, as I never paid much attention to credit until all of this started. Any and all help is much appreciated!

- Burrish


burrish
 
Posts: 2
Joined: Wed Aug 01, 2012 2:04 pm
Location: Texas

Postby burrish » Fri Aug 03, 2012 2:37 pm

I just got my Discover letter in the mail, and it was actually kinda nice to see that they listed my Equifax score since they checked. I haven't seen the actual score in a while, and it's 731! I had no idea I had hit the 700s, yet! Several bad items have dropped off of my report in the last year, and I got two of the three items deleted (Pay for Delete) off of it as a result of writing them letters.

The only place that denied a Pay for Delete is still on my TU report, and I'd really like to get that removed. If they want the full amount, they'll have to agree, in writing, to remove the item. Are there any other ways to get this done? Should I just pay them and have the report show a zero balance with a different report status? Please help.

- Burrish



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