I know this a no brainer….but, I need tips or suggestions. I am not looking to purchase anything in the near future except a car 2-3 years out. Here is my situation:
I purchased a home in October 2015…Got a great deal, but it needed work. Instead of doing aline of credit I opened 4-5 different credit cards all with 0% financing with a 3-4 month period. I knew my score would take a hit, but it dropped over a 100 points. I went from a 5% utilization to 60% utilization. I know I need to lower the utlization that is obvious, but I wanted to see if anyone had specific ideas. Will it take forever to get it back up?