Impact to your Credit

[Kizzy Robb]

Hello BP! I recently opened an retail account up (Home Depot) to help with some of my projects. I also opened a personal account up as well, close to this HD card. My credit score took a dive of 30 points. 30!!! And it’s been over a month and has not recovered. This is concerning to me, it took me so long to build my credit up to ensure I get decent rates now this. If you’re an investor, refinancing a few times a year or even monthly how does this impact your credit score and rates? I have been planning to scale my business in 2019 and start looking at purchasing once a month every month. If my credit score will take this kind of hit each time, how can I achieve this? Pretty soon if this keeps up I’ll be in the low 600s. I started off at 730.