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
desertlizard83

1 Contribution
0 People Helped
How long do I need to wait after buying a home to apply for new credit?
I've just returned to the US after living abroad for several years, so I'm trying to get settled. I needed a place to live, a car, and cell phone, etc. I just bought a house, and of course got utilities connected. Since I didn't want any hits to my credit during the loan process, I'd been using a prepaid cell phone. After closing on the house, I tried to get a cell phone plan and was rejected, even though my credit score is still 800+. I had also been waiting to get a car, but now I'm afraid to apply for an auto loan and also be rejected.

How long do I need to wait after buying a home to apply for new credit? I know it's a lot at once, but my credit score is high, and my income is sufficient to cover what I'm trying to purchase.

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
5038 Contributions
1131 People Helped

Helpful to 0 out of 2 people

Six months would probably be best, but there are many lenient auto lenders out there and if your credit is good and your debt to income is good, then there should be no problem. What reason did they give you for the denial of the cell phone plan? Find out and try to fix that problem.

Reply by
desertlizard83

1 Contribution
0 People Helped

They didn't give me any reason. I answered some questions on the phone, handed the phone back to the employee, and he informed me I had been denied.

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.