Credit Score. Help or Hurt?. You pay all of your credit payments promptly and on time. HELP. You co-signed with a friend on a loan earlier and find out that the friend defaulted and didn’t pay the loan – several payments were not made. Now YOU must pay the loan off. HURT.
Help or Hurt?
Now YOU must pay the loan offHURT
It was a small one, but you paid it all back according to the contract terms.HELP
You get a discount for signing up for a department store charge card in the store you’re shopping in and decide to get another charge card.HURT
Your policy has been to always pay off these cards every month.HELP
You’re looking to get approved for a first time mortgage to buy a second condo, but have not used a credit card or charge card yet.HELP
You are eligible to receive several various credit cards and charge cards now.
Because you know credit and charge cards can make life more convenient in many ways, you decide to apply for several now since you now have the means of paying the paymentsHURT
The predator has not made any payments yet.HURT
One of the credit cards has an $8000 limit and because you used it to pay for your recent vacation, it shows a balance of $7980 right now. Another of your charge cards has a limit of $500 and the current balance on it is a little over the limit, $502HURT
You don’t fill out applications often, which may necessitate a business checking your credit report whether or not you borrow from them.HELP