My Credit Matters LLC

‼️PSA‼️PSA‼️PSA‼️
Applying for new credit while you’re in credit repair is a huge NO — and here’s exactly why 👇🏽

1️⃣ It lowers your credit score immediately
Every application triggers a hard inquiry, which can drop your score 5–10+ points. When you’re trying to rebuild, even small drops matter.

2️⃣ It makes you look desperate to lenders
Multiple inquiries in a short time frame signal financial distress. Lenders see this as risk, not progress.

3️⃣ It can undo the work being done in repair
Credit repair focuses on cleaning negatives, lowering utilization, and improving profile strength. New accounts can:
Increase overall debt
Raise utilization
Reset your average age of accounts
That’s moving backwards, not forward!!!

4️⃣ You’re likely to get denied or approved at bad terms🤯
While your credit is healing, approvals usually come with:
High interest rates
Low limits
Predatory lenders
These offers hurt more than they help.

5️⃣ New accounts can pause disputes & progress
Active applications can slow investigations and sometimes cause creditors to verify accounts that were close to removal.
The ONLY time applying may make sense:
✔️ After negatives are removed
✔️ Utilization is under 30% (ideally under 10%)
✔️ You’re following a strategic rebuild plan

🤌🏾Bottom line:
Credit repair is a quiet phase. No apps. No loans. No “just seeing if I get approved.”
You rebuild first — then you apply from a position of power 💪🏽✨