2007-09-23 10:02:43 · 5 answers · asked by fritz 2 in Business & Finance ➔ Credit
no...
if you take out cash to pay off collections, high balances on revolving accounts, ....then it will
2007-09-23 11:03:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In most cases it will lower it temporarily. Anytime your credit is pulled or a new loan is listed your score will go down. but as they said if your lowering your payments or paying off debt it will go back up within a few months. Do not refinance unless it will benefit you. You can also find out more information about how your credit score is determined by visiting www.myfico.com
2007-09-23 19:08:54 · answer #2 · answered by Barbie d 2 · 0⤊ 0⤋
Only if the new refi results in lower debt ,
Hence a lower debt to available credit ratio .
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2007-09-23 17:11:32 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Before you decide to refi, if your paid 15 years into your mortgage, you paid about 70% of your interest.
2007-09-23 21:42:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes, sometimes makes your score go up
2007-09-27 09:26:33 · answer #5 · answered by butter747 1 · 0⤊ 0⤋