I buy things on credit card, and pay the full amount off, but my credit score is going down instead of up?
I have nothing else my name expect this credit card, and student loans that are not due yet because I am still in college.
I buy things on credit card, and pay the full amount off, but my credit score is going down instead of up?
I have nothing else my name expect this credit card, and student loans that are not due yet because I am still in college.
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Man America’s so weird.
Down here in Aus and NZ, you can open and close as much as you like. All the banks care about is the max you can draw on at any one time (lower is better), the amount of money you owe (again, lower is better) and whether you’ve missed any payments (again, lower is better).
You can churn through multiple cards every year to maximise sign up bonuses, no problem.
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That’s weird. The banks here just look at your income vs your (potential) outgoings. If you have a line of credit, they just assume it can be maxed out, increasing your outgoings.
It’s why here you people only apply for a credit limit they need, and why people cancel credit cards before applying for home loans.
The world of finance is such a fucking scam