07-15-2012 09:01 AM
Building credit that is. So, for everyone growing impatient with their CLs or having the urge to app. Take breather.
Have a good day everyone!
07-15-2012 11:43 AM
07-15-2012 12:56 PM
Well said! Thanks for the reminder.
07-15-2012 01:02 PM
07-15-2012 01:34 PM - edited 07-15-2012 01:34 PM
Agreed. And to extend the metaphor, don't forget to warm up or you might hurt yourself
After I got approved for a card recently i went on an app spree and all the inquiries and new credit actually dropped by FICO score by about 40 points. I've now moved into marathon/garden mode.
07-15-2012 05:37 PM
That it is. That it is.
07-15-2012 05:39 PM
07-15-2012 08:07 PM
Very nicely put, time is your friend when it comes to establishing credit worthiness!!
07-16-2012 05:35 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO