Comments on: How much will my credit score go down by applying for a new card? http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/ Call 888-653-9681 To Get Debt Help Now! Sun, 19 Feb 2012 11:44:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jellybean_lord http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1474 jellybean_lord Mon, 31 Aug 2009 16:52:36 +0000 http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1474 probably around 1 or 2. ive done it before! probably around 1 or 2. ive done it before!

]]> By: sunshine http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1473 sunshine Mon, 31 Aug 2009 14:57:24 +0000 http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1473 well i don't work with the credit industry, but when i was applying for a loan at the bank they told me it pulled your score down 6-7 points each time you apply for a new card. as for recovering it should only take about 5 or 6 months as long as you pay at least your minimum, but you really should pay a little more than that. well i don’t work with the credit industry, but when i was applying for a loan at the bank they told me it pulled your score down 6-7 points each time you apply for a new card. as for recovering it should only take about 5 or 6 months as long as you pay at least your minimum, but you really should pay a little more than that.

]]> By: The True Side http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1472 The True Side Sat, 29 Aug 2009 09:10:48 +0000 http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1472 For starters, sometimes people who work in the credit industry may not know how credit works because there are too many factors out there. Credit scores are a very funny thing, you make an inquiry and your score gets lowered, close a card too fast and score gets lowered, and if you don't spend your card for a while your score gets lowered, if you pay just the minimum for too long your score gets lowered, and finally if you pay off your card too fast and your score gets lowered The best thing to do is get a reputable card such as a Master Card or a Discover Card, spend an amount that you can pay off in about 2 or 3 months and you should be fine....your score should continue to rise as long you make your payments on time and pay it off in a timely manner. Also it would help if you have no more than 2....1 credit card and 1 store card or just 2 credit cards. Around the horn, The True Side For starters, sometimes people who work in the credit industry may not know how credit works because there are too many factors out there.

Credit scores are a very funny thing, you make an inquiry and your score gets lowered, close a card too fast and score gets lowered, and if you don’t spend your card for a while your score gets lowered, if you pay just the minimum for too long your score gets lowered, and finally if you pay off your card too fast and your score gets lowered

The best thing to do is get a reputable card such as a Master Card or a Discover Card, spend an amount that you can pay off in about 2 or 3 months and you should be fine….your score should continue to rise as long you make your payments on time and pay it off in a timely manner. Also it would help if you have no more than 2….1 credit card and 1 store card or just 2 credit cards.

Around the horn,
The True Side

]]> By: wheressharky http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1471 wheressharky Thu, 27 Aug 2009 18:38:52 +0000 http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1471 General rule of thumb for balance available debt ratio would be less than 50% but less than 20% would be ideal. If you have open cards with $0 balance and cards with more than 20% balance to available credit, I would suggest a transfer to the other cards and making on time payments until all balances are at 20% or lower General rule of thumb for balance available debt ratio would be less than 50% but less than 20% would be ideal. If you have open cards with $0 balance and cards with more than 20% balance to available credit, I would suggest a transfer to the other cards and making on time payments until all balances are at 20% or lower

]]> By: Gunny Bill http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1470 Gunny Bill Thu, 27 Aug 2009 18:25:15 +0000 http://www.gettingbestcredit.com/credit/how-much-will-my-credit-score-go-down-by-applying-for-a-new-card/#comment-1470 It's not that simple. They take in account how high of a balance you carry. Is every credit card maxed out? How long have you had accounts or are they all brand new? Some say make monthly payments over minimum. But, don't pay in full every month. That shows a better credit history. Most important - NEVER be late on mortgage, never be late on any payment. If you have derogitory remarks on report - write letters to resolve. DO NOT PAY FOR CREDIT REPAIR...they can make your scores worse. It’s not that simple. They take in account how high of a balance you carry. Is every credit card maxed out? How long have you had accounts or are they all brand new? Some say make monthly payments over minimum. But, don’t pay in full every month. That shows a better credit history. Most important – NEVER be late on mortgage, never be late on any payment. If you have derogitory remarks on report – write letters to resolve. DO NOT PAY FOR CREDIT REPAIR…they can make your scores worse.

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