Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
Re: my trans union credit report and score

youtoo wrote:

will my credit rating drop if i refinance my mortgage? how long will this dip?

I am thinking of getting a new credit card. The one I have does not give any cash back. So I wanted to get a new card to actually save some money.


if i refnance and get a credit card am I looking at about a 10 point dip in my credit rating? how long does this last? is there any real difference between a 795 and an 805 credit rating to lenders?

You might see a dip with the new account, but you'll fully recover within a year I bet. Be sure to refi before adding any other credit, like a CC.


I think the 10 pts will be higher, but again, fully recoverable within a year. No difference between the two scores.