Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
Re: The right number of credit cards

SnackTrader wrote:

brother7 wrote:

Pghmg wrote:

My goal is to qualify for my first mortgage by the summer of 2013. 

With a current score of 560, you've got quite a ways to go to get a good rate on a mortgage. Instead of focusing on optimal number of cards, focus on clearing the baddies off your CRs.

I hate to be blunt, but rate isn't the biggest worry with a 560 score - approval is.  I have never seen anyone get approved for a mortgage with a 560 score. 

+1. You really need to work on your scores if you want a mortgage in 6 months. 560 is downright horrible.
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