01-20-2013 06:57 PM
I've heard that once you buy a house your credit score increases. I can see reaons for it increasing and decreasing but curious to know the real deal!
01-20-2013 08:38 PM
Some people do see a benefit from adding a mortgage loan to their profile. It improves your mix of credit. At the same time, it adds a new account, so you'll get dinged for an inquiry and lowering your AAoA.
01-21-2013 05:33 AM
Make perfect sense to me! I won't be looking for credit after I close on my place so it will be a good time to garden. (Not that I'm not gardening now... it's just that nothing is growing...) Lol!
01-21-2013 05:39 AM
01-21-2013 07:48 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.