Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
oneeggcream

1 Contribution
0 People Helped
Go with your gut!!!
HSN offered me a credit card. I said no because my score would go down. They said, that won't happen. Sure enough, my score went down, so I cancelled the card!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1884 Contributions
3672 People Helped
Most Helpful Response

Canceling the card

Helpful to 1 out of 1 people

Probably did more harm than good. 

Your score always seems to drop for a month or 2 when you open a new account. It's due to the age of the new account and the hard inquiry. It usually take a payment or two for your score to come back. 

Opening then closing an account now means that you still have the inquiry plus you've lowered your available credit. Thus you can expect your score to take longer to rebound. 

Good luck. 

Reply by
oneeggcream

1 Contribution
0 People Helped

Thank you, for the reply, EddyTX's.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.