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Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
0

How do you think 2 hard inq coupled with lower utilization will affect my FICO?

In the past month, I applied for and got 2 new credit cards. I did not add any debt, actually decreased it by a few hundred. Here are my numbers.
 
Before the new cards
 
Balance: $21,629      Available: $30,300       Utilization: 71%
 
After the new cards
 
Balance: $19,500      Available: $44,800      Utilization: 44%
 
I did not apply for any other credit (no denials). I am curious what you think this will do to my credit score. (All I have is the FICO that WAMU has. It was 619. 2 inquires damage vs. greatly increase utilization.
 
Also, do I have to charge something on both cards before they report to the credit organizations.
 
Thanks!
Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
0

Re: How do you think 2 hard inq coupled with lower utilization will affect my FICO?

Sorry this posted twice in this section - internet explorer page didn't load afterwards, so I thought the message didn't get sent. (I had saved the message in my clipboard first in case that happened.)
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