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re: Any negative for having too many CCs open?

Posted on 7/24/14 at 1:02 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80810 posts
Posted on 7/24/14 at 1:02 pm to
What about thoughts of opening another card despite planning on buying a new house ~8 months from now? Bad idea?
Posted by JonTheTigerFan
Central, LA
Member since Nov 2003
6794 posts
Posted on 7/24/14 at 1:09 pm to
quote:

What about thoughts of opening another card despite planning on buying a new house ~8 months from now? Bad idea?


That won't hurt you. It may bring your score down a few points to start off but you will regain them. Just don't apply for the cards between the time you apply for the mortgage and closing.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 7/24/14 at 2:53 pm to
Without knowing much about your Credit, 8 months out and 1 card shouldn't be a problem at all and very well could help.
This post was edited on 7/24/14 at 2:57 pm
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