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Old 11-28-2007, 10:50 PM
Cubswin Cubswin is offline
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Join Date: May 2003
Posts: 4,979
Default Re: How to build credit

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Your credit score gets cripled if you have more than 3 "applications" on your record within 12 months

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I have 11 hard pulls and 9 new revolving lines of credit on my account all within the last 4 months. My FICO has gone from 729 to 721 during this time. Does this fit your definition of crippled?

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and goes down for every additional credit card you have over 4.

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Do you have secret insight to the Fair Isaac formula? I have 18 revolving lines of credit and after my latest round of hard pulls drop off my credit record, I'll still be eligible for the best rates should I ever need them.
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