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Having more credit cards improves your credit score

Being a one credit card wonder can hurt your credit score. When you dont have an established credit history, it makes you more of a credit risk to lenders. Having 2 or 3 credit accounts shows lenders that you can be responsible in making payments on time to several accounts it increases your credit score.
Rating: 100% positive, 1 Vote
Categories: credit score credit cards money
Added: on Aug 18, 2008 at 3:20 pm
Added By: an anonymous user

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