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| Re: MVM credit card difficulties (1394422) | |||
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Re: MVM credit card difficulties |
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Posted by Joe V on Tue May 3 18:13:29 2016, in response to Re: MVM credit card difficulties, posted by AlM on Mon May 2 20:29:46 2016. Not a fun experience. If it happens more several times in a couple of years, it will affect your FICO score.While they are not big influences, a new card counts as applying for new credit, which will ding you about 4 points for about a year. Then again as your average age of your credit cards drops. FICO does not care if it was a new card replacing an old one. FICO works for the banks, not you. I am not looking for loans, or need an apartment, but FICO scores are looked at by your insurance companies and possibly potential employers. Again, I'd rather lose $5 on a new farecard to keep my banking and credit cards out of the picture. |
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