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Re: Do You Believe in Credit Cards?
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Originally Posted by Encryptus
A lot more involved than can easily go through on this format. Will be glad to PM you some articles.
But one small example, most people are not aware that having too many credit cards EVEN IF PAID OFF TIMELY can actually result in a lower credit score.
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But the timely payment history will definitely be consoling to a banker to see when that person goes to apply for a home loan, especially if they are paid off.
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