/David's Class Room

Looking for those posts that Dave posted in the group you just can’t fine. Well here they are. A one-stop collection of Dave’s Credit Rants in the Credit Warriors Facebook Group. All posts are posted here to allow you to go back and read them.

Buying a house can send your credit score down. Here’s how long it takes to recover

2018-11-07T23:00:04+00:00November 10th, 2018|Borrowing - Home Purchase Loan, David's Class Room|

You make sure your score is good enough to qualify for a home loan, and then the purchase pushes your number down. That drop averages 15 points, although some consumers can see their score slide by as much as 40 points,

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Credit Score Influence of High Utilization on One Single Card and Statement Balance on Many Cards

2018-09-18T13:46:50+00:00September 20th, 2018|David's Class Room, Maintaining Credit|

It is very easy to see that more credit cards with balance statement will not cause too much influence. Even if you have been influenced by new accounts reported at the same time, you will only lose several credit scores in total. Certainly, only less than half of credit cards have balance statements in my test.

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What Exactly Is Pre-Approved Offer?

2018-09-18T13:14:48+00:00September 19th, 2018|Beginner's Guide, Credit Cards 101, David's Class Room|

Everyone must have received some letters from your mailbox, like “You’re pre-selected to XXX card”, and some of you may be recommended to figure out whether you have received an pre-qualified offer on one bank’s website before applying for a card. Most of us are likely to think that application for a card can be guaranteed with one pre-approved card. Is it so easy? Today we will tell you what’s a Pre-approved offer is in great details.

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