How to bounce back after an app spree!

[Anonymous]

So I am rather new to the credit world I have been actively working on my credit for about a year now. I brought my score from the mid 500s to the 700s with in this time. I have recently went on what some would call an app spree and I have opened up 2 credit accounts and 1 auto loan within the last 6 most and 6 cards mostly store/ subprime the 6 most prior. I have noticed my scores have took a hit with every account I open. Does anyone have any advice on how long I should garden before I would app again or look into a mortgage?

[Anonymous]

Don’t app for a year. After a year the inquires stop effecting your score but they stay on for 2 years.

Go to the mortgage section and read the threads on prepping for a mortgage. You want to use as little credit as possible and use some of the scoring tricks when you’re ready to apply. Remember getting a mortgage is not just about your credit score. Your financial life needs to be buttoned up. Loan officers will spend a lot of time with your documents before giving an approval.

[Shooting-For-800]

6 months to  a year in the garden?

[SoCalifornia]

Yes, 12 months, no touchy- to boot ☝🏽

[800FICOGoal]

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@Anonymous wrote:
 Does anyone have any advice on how long I should garden before I would app again or look into a mortgage?

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Given the amount of new credit you opened in the last year, I wouldn't think about applying for a mortgage until at least a year has past. 

[AverageJoesCredit]

Dont app anymore. Adding a Home changes everything so as suggested , go to Mortgage forum. A cc pails in comparison to adding the kind of debt/ responsibility of a new home does

[Anonymous]

Thanks for the advice. Mortgage forum it is...