Opening too many lines at once

It looks bad to lenders if you received a large amount of available credit in a short amount of time. Plus, keep in mind that store credit cards and those furniture/appliance no payment options are all considered lines of credit that generate hard inquiries and can cost you around 5 points each.

( Forum Credit Union / March 26, 2012 )

It looks bad to lenders if you received a large amount of available credit in a short amount of time. Plus, keep in mind that store credit cards and those furniture/appliance no payment options are all considered lines of credit that generate hard inquiries and can cost you around 5 points each.

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