Does applying for credit cards bring your credit scores down?

Credit and mortgage advice Forums Consumer Credit Improving Your Credit Score Does applying for credit cards bring your credit scores down?

This topic contains 2 replies, has 3 voices, and was last updated by  Anonymous 7 years, 9 months ago.



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  • #207383

    Anonymous

    just curious thanks



  • #281694

    Anonymous

    If you keep applying for credit….yes. It will add alot of inquiries to your report and bring your score down, it also makes you look desperate for credit and lenders dont like that.

  • #437277

    Anonymous

    That’s what I did.
    I reduced the limits on the cards.
    I also pay in full – which is best for your credit.
    When reducing limits keep in mind that any time that you use more than 30% of your available credit limit your score starts reducing.
    Make the limit something you know that your usage will not exceed 30%.
    Example: New limit 5,000, make sure you do not spend more than $ 1,500 a month on your card.
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