Timeline for For the purposes of building credit, does dividing up a loan help?
Current License: CC BY-SA 3.0
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| Aug 20, 2015 at 19:54 | comment | added | BrownRedHawk | I would try to not open more than 1 account every 6mo, and try to have fewer than 10 lines of credit, loans, etc. at any one time. Also, anything more than 1-2 inquiries every 4-5 months will definitely have a negative affect on your credit score. Of course this is generalizing, and assuming typical size loans. | |
| Aug 20, 2015 at 19:40 | comment | added | TTT | If you happen to know, would you mind defining how long "recently" is for recent inquiries, and also "new" for new accounts? | |
| Aug 20, 2015 at 11:41 | history | answered | BrownRedHawk | CC BY-SA 3.0 |