Anytime you add a good paid as agreed line of credit to your bureau, your score goes up.
It will take time but if you make your payments on time and the lender reports to the credit bureaus (some don’t) you will see a raise in your score.
Can your credit score increase with a mortgage re-finance?
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Yes.
Assuming you always make your payments timely—over time you will see an increase in your credit score. Use the proceeds to pay down other debts like credit cards.
References :
Anytime you add a good paid as agreed line of credit to your bureau, your score goes up.
It will take time but if you make your payments on time and the lender reports to the credit bureaus (some don’t) you will see a raise in your score.
References :
Finance Manager for over 7-years.