
Originally Posted by
scorpio link=board=6;threadid=10954;start=msg137019#msg137 019 date=1089738804
Ryan is correct except about the 5 tradelines part. Hving more will not lower your score, UNLESS you charge them up past the 30-50% of their limit. Another reason that inquiries are bad is that the creditor has no way of knowing if any of those inquiries turned into accounts, so the creditor may feel that there is a danger that you have too much credit outstanding too soon. After 90 days, creditors won't count inquiries. Take venus's and Ryans advice and activate the card you have. 19% isn't that bad considering you have no credit. You have to start somewhere. Do what Ryan says and pay on time and don't charge past 30%. In 6 months you will be able to apply for a lower interest card, then CLOSE your providian. having a zero balance but open account is just as bad as overcharging, as creditors feel you may at ny time charge more on that card.
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