Am I hurting my credit score if I keep opening 0% interest credit cards/yr. to pay off debt?

Am I hurting my credit score if I keep opening 0% interest credit cards/yr. To pay off debt? I have debt, but good credit.

If I bounce around between 0% cards to keep interest close to nothing, am I hurting my credit? Asked by mightymite 54 months ago Similar questions: hurting credit score opening 0% interest cards yr pay debt Business > Financial Planning.

Similar questions: hurting credit score opening 0% interest cards yr pay debt.

That depends There are some things that could be hurting your score: Every time you apply for credt,the creditor makes a hard inquiry to your reports. Major credit card companies generally look at the "big three" (Experian,Equifax and Transunion) one after the other. Too many inquiries in a six month period is going to bring your score URL1 makes it appear to creditors that you're hungry for credit,a possible sign of hardship.

Having too much available credit looks bad to creditors,but usually doesn't negatively effect your score. Your score is primarily calculated based on the amount of avaiable credit you have,along with other factors. Positive payment history is always a factor,but collections (you said you don't have debt-but I'm trying to be thorough) have an obvious impact.

Capital One,a credit score wrecker. Capital One never reports your credit limit,so whatever they report shows up only as debt and detracts from your available credit ratio (believe me-I just found this out the hard way). You're not hurting your score,but most major creditors use the information on your reports above the scoring factor.

That said,it's nt a great habit to get into,but neither is paying too much in interest. Sources: Experience .

Yes Your credit score is reduced every time you apply for, and every time you are granted, a new credit card. It is increased by accounts that you have open and have paid down fully or at least on time, but not by accounts that are less than 12 months old.

No, I don't think so....BUT I’d like to see the answers on this too, because I do the same thing! I watched a show with a guy who made it rich, and he suggested this as a means to work with "other peoples" money as a way to save....

1 Let me add that I am paying them down & on time...

Let me add that I am paying them down & on time...

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Should I take 1 card and pay both off?

A Credit Card Co keeps charging me interest after they charged off my debt and turned over to a CA. Is this legal? WTD?

How to get credit score and report without having to pay fot monitoring.

I have 2 credit cards that have an interest of 24%. Should I take 1 card and pay both off?

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.