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Established Member
Posts: 48
Registered: ‎11-27-2012
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Permanent or Temporary?

If I apply for 2 credit cards, will this bring my score down?

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New Visitor
Posts: 8
Registered: ‎12-02-2012
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Re: Permanent or Temporary?


garci349 wrote:

If I apply for 2 credit cards, will this bring my score down?


Yes it will permenantly destroy your credit!  just kidding!   When you apply for a new credit line the inquiry will hurt you 2-5 points on average. Also new credit lines will lower your Average age of accounts. If you have a solid credit history it's nothing to worry about really. The scores rebound will rebound pretty quickly.

Established Member
Posts: 48
Registered: ‎11-27-2012
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Re: Permanent or Temporary?

Haha !

 

Rebound?

 

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Established Contributor
Posts: 937
Registered: ‎07-24-2012
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Re: Permanent or Temporary?

Rebound as in go back to where they were prior to the app. Give it a few weeks to a couple of months and the few point ding will be gone. 

Frequent Contributor
Posts: 271
Registered: ‎08-09-2009
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Re: Permanent or Temporary?

Sometimes an inquiry won't hurt at all

I think I just have so much credit and small balances that it balances out the inquiries

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Current Score: 670
Goal Score: 700


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Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
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Re: Permanent or Temporary?

Temporary

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