Impact of Shopping Credit Cards on Your Credit Score
Manage episode 372244561 series 3496630
Shopping for credit cards can have both positive and negative impacts on your credit score. Properly managed, they can help build a positive credit history through on-time payments and responsible credit usage. However, if misused or if you accumulate high balances, it can lead to increased credit utilization and potential missed payments, negatively affecting your credit score. Careful management is crucial to maintain a healthy credit score.
11 episodes