Help!!! Will they re-run my credit

[praise123]

So, the loan officer said our credit was good to go, but I am not sure if that took into consideration the (3) credit cards that I opened prior to him running my report.  I hope the inquiries and new credit does not bring down my score, but if it does will they re-run our credit reports> If so when will this happen.  We are not looking to move for at least 3 months because we have to sell this house.

[pizzadude]

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@praise123 wrote:

So, the loan officer said our credit was good to go, but I am not sure if that took into consideration the (3) credit cards that I opened prior to him running my report.  I hope the inquiries and new credit does not bring down my score, but if it does will they re-run our credit reports> If so when will this happen.  We are not looking to move for at least 3 months because we have to sell this house.

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I would expect them to probably pull your credit again if you won't be closing on a new house within 90 days ~ check with your LO, he/she should be able to tell you what to expect.  

In terms of your FICO score, you will potentially take a score hit.   Your AAoA will be lower due to the 3 new accounts.

[praise123]

Will the score rebound by that time with ontime payment and low utilization.

[pizzadude]

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@praise123 wrote:

Will the score rebound by that time with ontime payment and low utilization.

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It's really impossible to know for certain.   What is your AAoA now and what will it look like once the three new accounts start reporting ?

[praise123]

I am not sure, but I have other accounts , but I was never able to get unsecure credit cards, so I got kind of excited.  I will garden for now until my mortgage is approved and pray that by getting the cards and paying that it will increase my score.  You can never tell , but I thought that I was doing the right thing by increasing positive reports on the account.

[pizzadude]

Over time, then the impact will be positive ~ although your AAoA will decrease when they start reporting.....Hopefully not by too much though...