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New Member
Reason58
Posts: 5
Registered: ‎06-02-2009
0

Re: Can CL be too high?

Great information, everyone. Thank you.

 

A followup question. I am thinking about purchasing a house later this year. If I were to open up two new cards, roughly how long would it take for my score to recover from this? Are we talking a couple months or a couple years?

Established Contributor
VEEnVEGAS
Posts: 645
Registered: ‎10-24-2007
0

Re: Can CL be too high?

[ Edited ]

Buying a house changes everything. What are your scores now? If high enough you might want to wait until AFTER you buy to apply for any new credit.  If your scores aren't high enough and you want the new credit to raise your scores then generally you should apply at least 6 months before trying to qualify to buy.

 

And maybe only apply for 1 new card until after you buy.

Message Edited by VEEnVEGAS on 06-05-2009 12:24 PM
New Member
Reason58
Posts: 5
Registered: ‎06-02-2009
0

Re: Can CL be too high?

The last time I looked, which was 6 months ago or so, my scores were right around 740-760.
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007
0

Re: Can CL be too high?

I would sit tight.
New Member
Reason58
Posts: 5
Registered: ‎06-02-2009
0

Re: Can CL be too high?

Good enough, thank you!:robotvery-happy:

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