Originally Posted by
JerryFF
The score was actually reported to me by the bank that has recently taken over Diners Club. It was in a letter from the bank explaining the new terms, credit limit, and payment schedule they had set up. So it actually was a financial institution getting my score, not just me checking it.
Just as a example, I was 801 last year when I took out a home loan. I have 4 CC's with 7-10 years. I've opened 6 new cards this year. My credit usually goes down 3-5 points per card and after 2-3 months is back in the 790's. I plan on cancelling 5 of them when they hit 1 year because I don't like paying $50-$100 per card in fees. Every card I opened had the 1st year waived. Good luck, read, listen and learn.
