Started By
Message

re: Multiple 0% Financing Purchases - Will this cause credit score issues?

Posted on 2/23/17 at 8:09 am to
Posted by Weekend Warrior79
Member since Aug 2014
16484 posts
Posted on 2/23/17 at 8:09 am to
The largest negative affect these will have are the multiple hard hits on your account. The next hit will be that every time you open a new account, the average age of your account will go down.

The positives is the percentage of credit you are using will go down which will help your credit. If you are looking to make a major purchase (car/house) in the next few years I would look to close some of the newer accounts to raise my average age. If not, there would not be any harm, and some of them usually close themselves with a few years on inactivity (Wells Fargo did that to me after I paid off my mattress).
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram