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credit score dropped

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my credit score was 675 i applied for and got two credit cards my score dropped to 577 befor i even used them

Asked by GRANY1 4 months ago Flag this Question

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First off your available unsecured debt increased which will initially decrease your credit score until you prove with time that you can manage the extra available credit. Second, each of those credit cards probably also hit your report with a hard credit inquiry which temperarily also decreases the credit score. Bottom line: this is normal, and if you use your new credit cards responsbily (keeping them at <30% utlilization, paying on time) it will bound back in a few months

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ladald 4 months ago

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