A Whole Lotta Credit Cards?

If you feel that you are becoming addicted and can't stop opening newer and newer credit cards, it does not hurt to know that this might damage your credit score. While having no credit history at all is not good, having many open lines of credit is also frowned upon by potential lenders because there is a greater risk you will borrow more than you can repay and this way they will not be able to get the money they lent you. So, if you intend to apply for a loan soon, minimize the number of credit cards you have.

 

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