Monthly Archives: August 2011
Being diverse when it comes to your credit score is indeed a good thing. You want to be a well-rounded consumer. The key is to not go overboard on the types of credit used. Having too many credit cards, mortgages, and other forms of long term debt could mean you have bad borrowing habits. Practicing good borrowing habits now will make you look like a fantastic borrower in the future. Watch this video to find out more and be sure to check out Credit Score videos 1 through 4 too!
Each time you apply for new credit, that inquiry can affect your credit score. Too many inquiries and applications can also affect your credit score; but getting your credit pulled from the same source limits the hits on your credit. We know this may all seem a bit confusing but what does it all mean to you the consumer? Continue reading