Does it hurt your credit score to not use credit cards?

Answer On One Hand: Not Using Credit Cards Is WiseIf you know that you don't have the money to make the monthly payments for a credit card, it's best not to use one. According to John Ulzheimer (courtesy ... Read More »

Top Q&A For: Does it hurt your credit score to not use credi...

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »

Does applying for a credit card hurt your credit score?

Applying for a credit card grants the credit card company permission to conduct a credit inquiry. Some forms of credit inquiries, like those performed by lenders and prospective creditors, can redu... Read More »

Does cancelling credit cards lower your credit score?

The Federal Deposit Insurance Corporation states that canceling your credit cards can lower your credit score if they have been opened for many years. Credit scores are based on the number of years... Read More »

Do prepaid credit cards improve your credit score?

On One Hand: No Reporting to Credit BureausYou fund prepaid credit cards with your own personal income, so unlike with a traditional bank-issued credit line, there's nothing for the card issuer to ... Read More »