Sentences with phrase «in a lower credit score temporarily»

Although the practice may result in a lower credit score temporarily, your debt to income ratio should improve over the course of the program because each debt is paid off one by one.

Not exact matches

Hard inquiries on your credit — such as applying for a retail credit card — can lower your score temporarily, so avoid those activities in anticipation of a mortgage or loan application.

That said, don't go wild with your credit card applications, since each application results in a hard inquiry to your account, which can temporarily lower your credit score.

Applying for new credit can result in hard pulls on your credit report lowering your score temporarily

Signing up for multiple credit cards in a short period can temporarily lower your credit score, so timing is everything.

In fact, opening new lines of credit lowers your credit score temporarily, so it's best to space out applying for new credit.

Besides temporarily lowering your score for each application you submit, opening a new card lowers the average length of your credit history — which is an important factor in your credit score.

In fact, opening new lines of credit lowers your credit score temporarily, so it's best to space out applying for new credit.