Sentences with phrase «big hit to the credit scores»

The biggest hit to your credit score will occur when that first collection account reports.

Not exact matches

If you want to avoid taking a big hit on your credit score, do all of your loan shopping within the span of a few weeks.

I recommend doing a little research to find out how big a hit a credit score would take by the owner not having a credit card.

You would think Susan would be a prime candidate for a lower rate on a home refinance, but Susan's credit score had taken a big hit due to a loan she co-signed with a family member.

Your credit scores will probably be fine since they were so high and an installment loan isn't necessarily a big hit or a hit at all, but you will have to contend with another issue... a higher DTI ratio as a result of a new monthly liability.

Thus, my credit score will take a big hit, and the foreclosure will stay on my report for up to ten years.

The larger the dollar amount of the past due debt, the bigger the initial hit to the credit score.

As stated earlier, closing the account doesn't wipe that account history off your report, so if you open a new credit card with more attractive terms to replace the card you're canceling, your credit score won't take a big hit.