Does Your Credit Rating Get Better If You Have More Credit Cards ? - CREDIT RATING

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TODAY'S SAVING TIP  If you are actively using credit, using one or more credit cards with monthly or bimonthly charge activity, have installment loans(s), vehicle lease, etc. review your credit file every nine to twelve months, otherwise every 15 months is adequate.
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CREDIT RATING: Does your credit rating get better if you have more credit cards ?


In most cases, no. Many people believe that your credit history improves as you acquire more credit cards. In fact, too much outstanding credit can work against you when you apply for other loans

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