17 Comments

1. 

   Beth Masselink on March 27, 2017 at 8:10 pm

   Does opening a store credit card hurt my credit report?

   Reply
   • 

     Mr. V on March 29, 2017 at 2:48 am

     Store credit cards can hurt your credit score, but they can also help. It all depends on the situation, how you utilize the card(s), and manage your debt. On the one hand, opening a store credit card is a good way for young adults to start building a good credit history. Lending standards are often looser, as the stores are motivated to build brand loyalty and get shoppers to return to their stores.
     On the other hand, Opening too many store credit cards too quickly can hurt your credit score. Loan seeking activity tends to depress scores. Most algorithms look at both the number of hard inquiries and the number of newly opened accounts, and if there are too many in a short period, this will hurt your score. Hope that answers your question.

     Reply
   • 

     Plenteouz on March 30, 2017 at 6:51 am

     Be sure to check out other articles and also our YouTube Channel for more videos.

     Reply
2. 

   Beth Masselink on March 27, 2017 at 8:10 pm

   Does opening a store credit card hurt my credit report?

   Reply
   • 

     Mr. V on March 29, 2017 at 2:48 am

     Store credit cards can hurt your credit score, but they can also help. It all depends on the situation, how you utilize the card(s), and manage your debt. On the one hand, opening a store credit card is a good way for young adults to start building a good credit history. Lending standards are often looser, as the stores are motivated to build brand loyalty and get shoppers to return to their stores.
     On the other hand, Opening too many store credit cards too quickly can hurt your credit score. Loan seeking activity tends to depress scores. Most algorithms look at both the number of hard inquiries and the number of newly opened accounts, and if there are too many in a short period, this will hurt your score. Hope that answers your question.

     Reply
   • 

     Plenteouz on March 30, 2017 at 6:51 am

     Be sure to check out other articles and also our YouTube Channel for more videos.

     Reply
3. 

   griffithPr on March 28, 2017 at 6:40 pm

   Parler sur cette question on peut longtemps.
   griffithPr

   Reply
   • 

     Mr. V on March 29, 2017 at 3:06 am

     Il s’agit d’un problème dont la plupart des gens n’aiment pas parler. Il faut donc tout le monde en parler pour le rendre normal. Merci pour le commentaire.

     Reply
4. 

   griffithPr on March 28, 2017 at 6:40 pm

   Parler sur cette question on peut longtemps.
   griffithPr

   Reply
   • 

     Mr. V on March 29, 2017 at 3:06 am

     Il s’agit d’un problème dont la plupart des gens n’aiment pas parler. Il faut donc tout le monde en parler pour le rendre normal. Merci pour le commentaire.

     Reply
5. 

   Bablofil on March 28, 2017 at 9:02 pm

   Thanks, great article.

   Reply
   • 

     Mr. V on March 29, 2017 at 3:16 am

     Thanks. Be sure to check out other articles and also our YouTube Channel for more videos.

     Reply
6. 

   Bablofil on March 28, 2017 at 9:02 pm

   Thanks, great article.

   Reply
   • 

     Mr. V on March 29, 2017 at 3:16 am

     Thanks. Be sure to check out other articles and also our YouTube Channel for more videos.

     Reply
7. 

   Manohar Veera on March 30, 2017 at 6:56 am

   Is that available outside United states?

   Reply
   • 

     Plenteouz on March 30, 2017 at 6:58 am

     As far as we know it is available in many of the american-european countries… Where are you hailing from?

     Reply
8. 

   Manohar Veera on March 30, 2017 at 6:56 am

   Is that available outside United states?

   Reply