Quote:
Originally Posted by AlphaFrog
I was just approved for a re-fi on my house and should close within a week or so (almost 2% lower than my current rate), and am not planning on buying a car or anything else any time soon. Being that I'm heading off to school, and I may not have much income to report for a school year, and having extra available credit would be awesome, now is probably the time to do this. If my credit score comes out better in 9 months when I'm just getting done with school, it will be a good thing.
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It will as long as you keep paying off the 5 cards you currently have every month. The biggest part of your credit score (and the part that seems to be holding your score down) is the length that you've had your accounts in good standing. The only way to improve that is to play the waiting game.
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