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 How does foreclosure&bankruptcy affect credit?

Answer Bankruptcy and foreclosures are both stressful and traumatic. Both result in serious losses and take substantial time to recover. The effects of the two are long lasting but consumers should be awa... Read More »
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Top Q&A For: How does foreclosure&bankruptcy affect credit

Does having too many credit cards affect a credit score?

On One Hand: Number of Cards Has No ImpactThe number of credit cards that an individual has does not affect his credit score. Having several credit cards can improve your credit score if you have s... Read More »
http://www.answerbag.com/q_view/1973039

Does going over a credit limit affect a credit score?

Yes. Going over your credit limit can lower your credit score because it increases the amount you owe. Credit-scoring formulas reward low balances with higher scores and penalize people who carry h... Read More »
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Does Applying for a Credit Card Affect Your Credit Score?

Credit cards are a fact of life, and for some a way of life. Many factors determine whether they're an asset or a liability. Your credit score determines what you will pay for more credit, future c... Read More »
http://www.ehow.com/about_6572053_applying-card-affect-credit-score_.html

Does canceling credit cards affect the credit score?

Canceling a credit card will lower a consumer's credit score because it increases their debt-to-credit ratio and shortens their credit history. Canceling a credit card also changes a consumer's cre... Read More »
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