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Friday, February 22, 2008

Store credit cards not good for your credit score

How not good? Try -20 points to your credit score for each card. The article explains that if you sign up for a great promo deal, close the account as soon as you pay the balance off.

Hmm, time to cut up that Sears card...

1 comment:

Cirrus said...

Don't even bother opening a new department store credit card every time a good deal arises. It kills your credit very fast. Thats one thing people don't realize when they are ask if you want to save 10 percent on your purchase now!