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re: Credit report mortgage inquiries

Posted on 5/21/14 at 1:03 pm to
Posted by dave12345
Member since Apr 2009
256 posts
Posted on 5/21/14 at 1:03 pm to
quote:

This can result in a lower score as well. Go charge something on your cards and see the impact on your scores.


I use them but don't carry a more and 5% balance. I paid them off in full last month.
Posted by novabill
Crossville, TN
Member since Sep 2005
10480 posts
Posted on 5/21/14 at 1:08 pm to
quote:

I use them but don't carry a more and 5% balance. I paid them off in full last month.


I have had clients have their score drop by paying off their credit cards. While I do not think it would drop that much from having a balance, I do not think having the inquiries would have that much effect either.

What type of loan are you getting, are the lower scores hurting you?
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