Thanks to all of the great posters with great information that I've learned how to manage my credit from. I learned how inquiries, reported balances, new credit, and everything else will affect my score. I've just today found that the one baddie I had is off all 3 reports now. I also learned how getting new credit affects me. I got an AMEX card a week ago and it cost me 5 points on EX for the inquiry. I found today that having an increased balance on two cards cost me 6 points on EQ.
I'm getting a little weary of worrying about my credit and how every little thing I do will affect it. I need to concentrate more on the debt aspect of it, if that makes any sense. I want to decide on using a card based on how I will pay it off and when I will pay it off, not how my score will react.
One last thing I am looking at is refinancing my mortgage. I don't NEED to refinance but I would like to get a lower rate, and lower payments, if it isn't going to cost me money to do it. I was online at Wells Fargo last night and it said I had an offer to re-fi with no appraisal or application fees and no closing costs. It showed the 30-year fixed at 4.75%. I currently have 6.25% so if they will lower it... great. I'm waiting for a call back.
Again, thanks for the education.
Pamela
