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Does Juggling Credit Cards Hurt Your Credit?
If you have shopped around for low-interest-rate cards, taken
advantage of low introductory offers, and then moved your balance
to another card when the preferential rate expired, you may have
wondered whether juggling credit cards to chase low rates would
come back to haunt you. You will generally not be penalized for
shifting credit-card accounts. However, you should close credit
lines you no longer use. Too much available credit could hurt you
if you apply for a loan, and some lenders may not like it if you've
had accounts open only a short period of time. |
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"...financial statements and tax preparation completed for our business and personal needs, is done with complete accuracy and appearance of professionalism..."
Randy Kerr - President/CEO
RK Marine
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