06-01-2013 05:01 PM
ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks
Congrats on the new home Yay
UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR
How does the Home Loan affect the credit when it hits?
Your DTI jumps too. Could cause issues depending on your other reporting monthly payments because banks don't like DTI reaching a certain threshhold.
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