FlyerTalk Forums - View Single Post - Applying/Canceling Cards and its effects
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Old Feb 3, 2005 | 12:02 pm
  #16  
USAFAN
 
Join Date: May 2000
Location: Naples, Florida
Posts: 7,419
Originally Posted by Dr.milology
Wow, lots of information on credit! So I guess, there is not to much to worry about by loosing a little credit by opening and closing a bunch of cards if in the short term, my credit score is of no concern. (As long as it doesn't go way down for something other than opening and closing accounts.) And if I ever do look to buy a house or take a big loan out, I should just give my credit score some time to bounce back. Does anyone agree with this? Thanks again for all the information!
I agree. I had a couple of cards and canceled them after some time...
I still got a mortgage/loan approval in a matter of days. I believe the banks/mortgage brokers look at a FICO better than 740, but I am not sure.
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