credit rating question - GoFuckYourself.com

p1mpdogg · 02-05-2004, 01:49 PM

before i bought my house, my credit score(fico) was higher than after i bought the house, its now about 30 points lower.. I can understand why.. but my question is... If I close some open/revolving accounts, will my score back up?

p1mpdogg · 02-05-2004, 01:52 PM

Veterans Day · 02-05-2004, 01:53 PM

depending on if those revolving credit lines are maxed out? How timely have the payment been in the last 24 months? Alot of factors involved but creditors like to see revolving credit for substantial amount of time being paid as defined. Lot of factors nothing is cut and dry in credit reports. Need to know alot more info also as to whats on your credit and what your overall debt ratio is. And so on

p1mpdogg · 02-05-2004, 01:53 PM

Quote:

Originally posted by Veterans Day
depending on if those revolving credit lines are maxed out? How timely have the payment been in the last 24 months? Alot of factors involved but creditors like to see revolving credit for substantial amount of time being paid as defined. Lot of factors nothing is cut and dry in credit reports. Need to know alot more info also as to whats on your credit and what your overall debt ratio is. And so on

not maxed out, about 3/4 maxed.. and yes, last 24 months never late

JulianSosa · 02-05-2004, 01:54 PM

YOu need to have your revolving accounts under 1-2 used to help your credit. Anything over 1/2 will hurt it
Also alot of credit enquiries will drag you down too.

02-05-2004, 01:49 PM	#1
p1mpdogg Too lazy to set a custom title Join Date: Nov 2002 Posts: 16,714	credit rating question before i bought my house, my credit score(fico) was higher than after i bought the house, its now about 30 points lower.. I can understand why.. but my question is... If I close some open/revolving accounts, will my score back up? __________________ A fast fortune is easy to earn! Just go with a winner!

02-05-2004, 01:52 PM	#2
p1mpdogg Too lazy to set a custom title Join Date: Nov 2002 Posts: 16,714	bump __________________ A fast fortune is easy to earn! Just go with a winner!

02-05-2004, 01:53 PM	#3
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	depending on if those revolving credit lines are maxed out? How timely have the payment been in the last 24 months? Alot of factors involved but creditors like to see revolving credit for substantial amount of time being paid as defined. Lot of factors nothing is cut and dry in credit reports. Need to know alot more info also as to whats on your credit and what your overall debt ratio is. And so on

02-05-2004, 01:54 PM	#5
JulianSosa Confirmed User Join Date: Aug 2003 Posts: 3,042	YOu need to have your revolving accounts under 1-2 used to help your credit. Anything over 1/2 will hurt it Also alot of credit enquiries will drag you down too.