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46
Posts
12
Votes
Red Brown
  • Real Estate Investor
  • Pryor, OK
12
Votes |
46
Posts

I got greedy and Credit scores dropped guess I over did it.

Red Brown
  • Real Estate Investor
  • Pryor, OK
Posted Apr 18 2015, 01:39

     I don't know a lot about scores.     My lowest credit score usually is in  750's +

 In the past six weeks  I picked up three new credit cards and some the month before.

   I have been searching for bargain properties.    Thought I would get an extra half dozen credit cards on hand with 0% for 18 months 

Thinking I could cover any major calamity with them and maybe get a cheap property or two using them and still stay under 25% usage before getting a loan.

Currently My credit utilization is 11%,

Just hit with 7 inquiries from getting credit cards

  We moved several months ago if that matters 

No late pays

  Today my  lowest score was 686 all three dropped.

I would guess its all the new credit hurting me

Any idea on time limit for scores to go back up?

if I get a loan don't want a higher rate.

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