Having the cards does not. Having large debts on them does.
{| |- | Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. |}
Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.
Having a large credit limit can help your score but do not apply for several cards at the same time. Doing so can hurt your score and make you unable to get any new credit offers.
things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying off high dept will raise your score. and having too much on your cards even if you pay on time will lower it.
== == Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. == == == ==
{| |- | Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. |}
Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.
Having a large credit limit can help your score but do not apply for several cards at the same time. Doing so can hurt your score and make you unable to get any new credit offers.
things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying off high dept will raise your score. and having too much on your cards even if you pay on time will lower it.
== == Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. == == == ==
If your credit score is low, it can affect you renting a home, getting loans, or even getting a job. usually having many credit cards, or having credit card debt, can make you have low score. xD SWAG
All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.
Yes, it is possible to have a credit score even though you don't currently have any credit cards. If you have ever applied for credit of any type then you are likely to have a credit score.
522 is a very low credit score. It is probably very difficult if not impossible to obtain any credit with a score that low. The national average is 687. You will need to improve your credit score if you plan on ever having a house, car, credit cards, etc....
Multiple inquiries will not affect your chances, the only way it would affect you getting a home loan is if your credit score was impacted. Be careful with applying for credit cards, the inquires affect your score negatively.
One of the factors that makes up your credit score is credit diversification. This means having a variety of different types of credit. Four different types you can have is mortgage loans, car loans, credit cards, and department store cards. So having a department store card that reports to the credit bureaus will help your credit.
The requirements for obtaining 0 interest credit cards include having a great FICO credit score -- well into the 700s -- to qualify for a zero percent credit card. Also, you may not qualify if your credit score suddenly takes a small blow or downfall.