Dara Moody Nmls#277366

05/23/2026

05/04/2026

More credit Tips

Think before taking on new credit

Why it matters

Getting a new credit card can both help and hurt your credit score, so it’s important to be strategic. Research shows that people who open several credit accounts in a short period may be higher credit risks than those who don’t, according to FICO, the leading credit score provider. When you apply for a new credit card, your credit score could fall initially because the lender looks at your credit report (known as a hard credit check) and the average age of your accounts is lower.

05/01/2026

Pulte also provided updates on LLPA changes, Fannie/Freddie IPO

05/01/2026

Another way to improve your credit scores

Have a mix of loans
Why it matters
Lenders like to see that you can manage multiple loans at the same time. In general, it’s good to have a mix of credit cards and installment loans—such as a mortgage, an auto loan and student loans—that you pay on time.

How to boost your score
This is a relatively small part of a credit score, so it probably isn’t effective to open new accounts just to try to pump up your score. But know what types of loans you have and consider improving the mix the next time you need to borrow money.

More tips tomorrow!

04/30/2026

Ways to improve your credit Scores

Don’t close old accounts - Why it matters

Your score considers the length of your credit history, along with the ages of your different accounts. In general, a longer credit history means a higher score. If you close old cards, you are lowering the average age of your accounts. When you last used your cards is another factor in your score. Even if you intend to keep an old account, your credit card issuer may close it if it hasn’t been used for a long time.

Look for next tip tomorrow.