The good news is that this sounds like a revolving account and not a CFA.
Are you going to take a FICO hit? Yep INQ, Avg age,
Having this revolving account at 60% utl- you will take a FICO hit.
@Anonymous wrote:
Good Morning - I just got a 6500 retail account (furniture store - No money, no interest to 2012) through Citifinancial retail services. I plan on buying some furniture very soon. Assume I spend approx 4,000 (Util - 60%). Will my fico score go down if not payed off or brought below 10% util? Wasn't sure if these accts. are treated the same as others. It's very tempting to keep the balance for a while - especially during the holidays! Thanks for your help
