Requests For New Credit
How Do Requests For New Credit Affect My Credit Score?
New credit affects 10% of your credit score. While it can help your credit score to have new credit – or rather, new wisely used credit – from time to time, it is very important that you don’t have more than 4 inquiries into your credit in a 6 month period. If you are applying for new credit to try and build your credit history, a better solution might be to have a friend or family member who has a credit card with a good credit history add you to the credit card. They do not have to give you the card or allow you to use it, but if you are added as a user on the account, the good credit history for that card will be shown on your credit report and could help improve your FICO score very quickly.