Re: Yet another UTL question
10-02-2012 03:47 AM
The recent inquiries and new credit will ding your score for a year or so. As to which card "reports" it does not matter. The formula is mathmatical, not product oriented.Best if possible to go into a no new credit mode for a year or more before apping for a mortage. As far as maximizing your score, I wouldn't be too concerned on how many credit cards show a balance on your report at this time. When you get ready to purchase your house, then focus on only having one or two cc's report a couple of months or so before you app so your score will be nearer the top.
Updated scores 05/01/2013 EQ 761 TU 780 EXP 788 (Exp. equivalency)
Remember the Three P's: Pay early in Full, Pay on Time, Patience