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dude,
i am a mortg. broker. it wont drop your score but it might effect
"tradeline requirements" when you go apply for more loans in future . It will only drop your score if that particular tradeline was much higher in balance than your other ones...
also, if the balance of the tradeline was over 50pct of available credit, it actually might up your score, believe it or not.
Banks like all tradelines at 48pct.
for example, "Fannie Mae" (home purchase) guideline for any A-paper loan is 4 tradelines. You need score of 620 or above to even try to get qualified. I dont think it matters that much when it comes to cars and cards..
you are tripping waaaay too much over 1 tradeline.
if anybody has any mortg./credit report questions, email me or call
866-542-6678 xt 32 i have license in all 50 states
later
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