'Hurts your credit'

Kyndra from Somewhere Out There -

Don't apply for too many things because that shows up on your credit. Many people don't realize applying over and over for credit cards hurts your credit. You should only have your credit ran 3-5 times max per year.

Comment #1 Milly from Wisconsin -

That is true. That tells creditors that you are high risk for overspending, and even though they like you to use your credit to make purchases with, they dont want you to overspend and file for bankruptcy.

Comment #2 Olivia from Online -

That's good to know. My sister just graduated from college and has no credit whatsoever. She started applying for some credit cards just so that she can attain some type of credit history. I'll forewarn her about not applying to too many.

Comment #3 PATRICK from HOUSTON, TEXAS -

Yes your right is takes I believe 4 months for your credit rating to start to raise again. This can really hurt you if your trying to finance something big.

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