Question by stuinblue: How much can my credit score go down by applying for a hot card?
I might choose answers from individuals whom function inside the credit industry plus may tell me about the quantity of points, and just how lengthy it takes for my score to recover once the modern high accessible credit kicks inside…
I know piece of the credit score is determined by how much accessible credit we have. I shut many cards a several years back before I knew it might hurt my score, plus today I have extremely small credit accessible. I have great credit otherwise, plus pay anything I charge the upcoming month. But, I do have a balance I’ve been gradually paying down, plus like to open a fresh card thus which my balance takes up less of the proportion to my total credit debt.
How much might this ding my credit inside the brief expression? And how lengthy may the point drop last?
Best answer:
Answer by withluv7
Usually it goes down with a point or 2.
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