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Old Oct 31, 2006 | 11:39 pm
  #11  
starp023
 
Join Date: Apr 2006
Programs: United
Posts: 15
Settle down

Yall may want to settle down on the CC apps. It could ruin your credit and end up costing you way more in bad rates than the miles are worth.

From www.howstuffworks.com :

10% of the credit score is based on the number of inquiries on your report. If you've applied for a lot of credit cards or loans, you will have a lot of inquiries on your credit report. These are bad for your score because they indicate that you may be in some kind of financial trouble or may be taking on a lot of debt (even if you haven't used the cards or gotten the loans). The more recent these inquiries are, the worse for your credit score. FICO scores only count inquiries from the past year.

Other than that, good luck!
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