Frequent Contributor
Posts: 389
Registered: ‎07-09-2012
Re: Judgment, collections, utilization and inquiry

Ok, so I am going to see this fall again.  I just took another inquiry.  I was approved for Chase Freedom.  I am going to be getting a mortgage for my house and banker said I needed another credit card (I have one with them and a VS)  This will make three.  He adviced to have four.  


My questions:


1.  How long will the inquires hurt my score?  How long until I start to see some of the points come back.  I know after a year you have all the points back.


2.  What can I expect having a third card report?  It is Chase Freedom with $1000 cl.  I will keep it at a zero balance.  (use once a month and pay off before it reports).  The only other things reporting is one student loan, 10 mo CU VISA $150/1000 and 1 mo VS $0/350.  I also have 2 paid of student loans.  NO baddies at all.  Oldest account is 20 years and AAoA is 6 years.

June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans