New Cards???
Date: Mon, 11/15/2010 - 10:55
New cards improve your credit score ??? Is it true? If it is true, then I will try to get a new card. I think with my score of 620, I will gat a new card.
If you apply for too many new accounts, it may negatively affect
If you apply for too many new accounts, it may negatively affect your score. This means that you should not open several new accounts in a short period, especially if your credit history is less than three years. Adding accounts too rapidly sends up a red flag that you might not be able to handle your credit responsibly.
A mixture of credit cards and installment loans can help raise y
A mixture of credit cards and installment loans can help raise your score if you manage the credit cards responsibly. But, don't open new accounts just to improve your score. It may severely affect as well.