@Charnele1989 wrote:
I JUST APPLIED FOR J.CREW AND BERLANE HOMES CREDIT CARD THROUGH THE SHOPPING cart trick 2 days ago.
My credit score increased 51 points because I lowered my UTI today.
My question is will these new cards hurt me if so can I cancel them. Plz help
You may take a ding for new acounts and AAoA but they will help in the long run. If you have already been approved for them they will hit your CR whether or not you cancel them.
@Whitneyy wrote:
@Charnele1989 wrote:
Ugh not good ma UGHWell, in the long run it can help you, just don't use them and if you do try not to carry a big balance and rotate them.
Please don't cancel them! It wouldn't change anything, they will still stay on your CR for 10 years, but you will lose the util. You take a hit at first, but it fades fast. You need those accounts to give your score room to grow, so it is a necessary evil. Just garden for a bit and you will see your score shoot up past what it was.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.