My Credit Score Got a Massive Hit after Applying a CC
Last edited 07/02/2018 - 11:26 by 1 other user
I just wonder why my credit score got a hit about 100 points down after applying a credit card (15k limit)from Excellent (908) to Very Good (808)
I have not made any credit enquiries for years, at least 5 years but once I applied for a credit card then it was dropped by 100 points.
I never have any late payments, defaults etc - a clean record basically.
I plan to refinance my investment property, not sure what will happen with my application and credit rating if I proceed with this.
I wondering what has happened?!?!
Please share your experience. Just make sure you check your credit rating before applying any credit.
How is your credit rating?