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
larzemm

0 Contributions
0 People Helped
will a house increase your credit score and by how much
I have no credit cards no bad items on my history but 12 inqueries
an 2 cars totaling 70k with an income of about 124k a year I am aproved for a 284k house loan and will be closing on monday my score is 614 will the house increase my score by a little or a lot?
payment history is perfect on autos

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
740 Contributions
796 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

for you significantly given your credit mix is horrid....my only guess to why you son't have a CC is because your against them but if you pay it off like a debt card after every purchase and only use it for money you have in the bank your score will go EVEN HIGHER  by another 20+ points as long as you keep utilization under 10% ie: $2,000 limit don't go over $200/ month and PAY IN FULL every month that way you don't pay interest and those 12 inquires are draging your score down about 36-60 points wait for half of those to drop off then apply for a CC and you will be in 750 range

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.