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tomxlisa

I went on a bit of a mad one and kept applying for stuff even when I was rejected and built up 21 hard applications on my experian report, I have soft applications too but these don't impact your ability to gain credit I've read, anyways I have stopped all tracks of applying now and haven't done for 2 months now, I do want a new credit card though so when would you say is the best time to apply again, I have learnt from my mistakes though and if I get declined again I won't be makin further applications instead I'll be seeing why I've been declined, all the 21 hard searches are due to drop off by march time, experian say they only impact your ability to get credit for 6 months, should I wait until these have all dropped off or could I apply again in say another months time which will be 3 months since I last made an application?.

than_prutt

21 applications in one go is a HUGE number!! I'd say play safe and leave it for 6 months.

Candyapple

Do you have an addiction to credit or something? I don't know how many more threads and posts you can make about the same topic with the same advice given over and over again - leave it the hell alone!! At least for 6 months minimum!

In the meantime focus on tidying up your credit reports and keeping up payments, checking you are showing on electoral roll etc.

Experian and Equifax searches are kept on your file for 12 months and Call Credit is 2 years.

Let alone the fact that most lenders even recommend that if you have been declined to wait at least 6 months before applying again. In your case I would probably wait until all but 3 of the searches remained, however I think we all know you'll probably ignore any advice given in this thread and be back moaning about being applications being declined for cards in a few weeks time and you don't know the reason why lol.

chattychappy

Candyapple wrote: »

I think we all know you'll probably ignore any advice given in this thread and be back moaning .....

[emphasis added]

Speak for yourself...

20aday

As someone who's been guilty of applying for credit in the past (I don't think I quite reached 21 hard searches but it was significantly more than the recommended 2-3 in a six month window!) I'd recommend you obtain your £2 report from Experian and use Noddle (Callcredit) and Clearscore (Equifax) to find out why you are being declined.

One reason you are being knocked back is down to the searches; to a potential lender you look desperate for credit and at the time of your application(s) they won't know what's been approved/declined.

mistakehappens

tomxlisa wrote: »

I went on a bit of a mad one and kept applying for stuff even when I was rejected and built up 21 hard applications on my experian report, I have soft applications too but these don't impact your ability to gain credit I've read, anyways I have stopped all tracks of applying now and haven't done for 2 months now, I do want a new credit card though so when would you say is the best time to apply again, I have learnt from my mistakes though and if I get declined again I won't be makin further applications instead I'll be seeing why I've been declined, all the 21 hard searches are due to drop off by march time, experian say they only impact your ability to get credit for 6 months, should I wait until these have all dropped off or could I apply again in say another months time which will be 3 months since I last made an application?.

Hello, I think you definitely need to wait for at least months but obviously in the meantime check the basics as to why you were declined, like make sure you are on the electoral role, no defaults etc on the report and run your current credit cards well.
I also had a addiction with applying for credit cards and bank accounts but due to my previous history i rarely got declined, and if i do get declined then i simply open the bank account from the same lender and run the account for 3-4 months and then apply for a credit card and get it. Obviously this only works with main stream banks. As i have currently got a credit card from every prime lender except ASDA.

than_prutt

mistakehappens wrote: »

Hello, I think you definitely need to wait for at least months but obviously in the meantime check the basics as to why you were declined, like make sure you are on the electoral role, no defaults etc on the report and run your current credit cards well.
I also had a addiction with applying for credit cards and bank accounts but due to my previous history i rarely got declined, and if i do get declined then i simply open the bank account from the same lender and run the account for 3-4 months and then apply for a credit card and get it. Obviously this only works with main stream banks. As i have currently got a credit card from every prime lender except ASDA.

Sounds like you need to get credit cards from all institutions (even go to the length of opening their current account sfirst). Just out of interest, is there a reason why you need to have all those credit cards? Surely too much credit is a negative thing on the score?

mistakehappens

than_prutt wrote: »

Sounds like you need to get credit cards from all institutions (even go to the length of opening their current account sfirst). Just out of interest, is there a reason why you need to have all those credit cards? Surely too much credit is a negative thing on the score?

Agreed, I am addicted to credit cards , even when i think i don't want to apply for a particular card, i still go and apply for it.

I have got that many that i don't carry them with me all the time got 2 wallets full.
I don't need that much credit, rarely use them even. Got about £58000 worth of cards and overdrafts. My score has never been affected due to too much credit and my salary is only 29000
Noddle score of 4/5, clear score of 602

20aday

mistakehappens wrote: »

Agreed, I am addicted to credit cards , even when i think i don't want to apply for a particular card, i still go and apply for it.

I have got that many that i don't carry them with me all the time got 2 wallets full.
I don't need that much credit, rarely use them even. Got about £58000 worth of cards and overdrafts. My score has never been affected due to too much credit and my salary is only 29000
Noddle score of 4/5, clear score of 602

Blimey-your estimated credit is double your annual salary? If you don't need that much credit I'd suggest keeping open the ones that are beneficial to you (i.e. cash back rewards, 0% on purchases/balance transfer offers) and ditch the rest.

[Deleted User]

mistakehappens wrote: »

My score has never been affected due to too much credit and my salary is only 29000
Noddle score of 4/5, clear score of 602

As you can see from the fact that you're being declined, your scores are worth a big dollop of reindeer poo.

than_prutt

mistakehappens wrote: »

Agreed, I am addicted to credit cards , even when i think i don't want to apply for a particular card, i still go and apply for it.

I have got that many that i don't carry them with me all the time got 2 wallets full.
I don't need that much credit, rarely use them even. Got about £58000 worth of cards and overdrafts. My score has never been affected due to too much credit and my salary is only 29000
Noddle score of 4/5, clear score of 602

How much annual fee are you paying a year?