In the short term, the simple answer is NO. In fact, reapplying time and time again for the same product could actually hurt your credit score. A hard credit inquiry, which happens when a credit decision is being made, will knock your credit score down a few points. Generally, multiple hard inquiries over a short…
True or False: Paying for Everything Using Your Credit Card to Get Points is Smart! False: On the surface its sounds like a great idea. Pay for everything using your credit card, get rewards points and pay it off every month. Done, simple…easy! It’s like getting something for nothing right! The sad truth is, however,…
Medical Bill Nightmare FALSE! The sad truth is that tens of thousands of Americans have their credit ruined by unpaid medical bills every year. With rising medical costs, deductibles and the ever-increasing complexity in the healthcare/insurance industry, this is not likely to change in the near future. If you have ever had a medical procedure…
False. Have you ever heard the saying “Better to remain silent and be thought a fool than to speak and to remove all doubt.”? This same priciple applies to your credit history as well. If you have no credit there is a chance that you may end up with bad credit someday…or you may end up with good…