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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Joan Osland Graffius who wrote (6113)10/18/2002 3:19:03 PM
From: MSIRead Replies (2) of 306849
 
The only risk is to your credit score, which gets smacked every time you apply for a new card, for the irritating reason that that's the profile of declining creditworthiness in some people. FICO doesn't have statistical corrections for people who are smart enough to get 0% cards, and yet are still just as creditworthy as before.

Found that out when applying for r.e. loan and looked at the credit report. Went on for 6 pages of "never lates", yet the score was reduced.
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