How Credit Card Applications Hurt Credit And What You Can Do About It

If you're having some cash flow problems or receive lots of appealing offers in the mail, you might be tempted to apply for a new credit card or maybe even a few.

Although it may be pertinent to gain access to new lines of credit, you should know that applying for credit cards too vigorously can actually end up lowering your credit score, which can have negative financial repercussions.

Here's what you need to know about why this is and how you can avoid any problems.

Why Is Your Credit Score Affected By Credit Card Applications?

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