Do taking loans decrease credit score?

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Hoyt Kreiger asked a question: Do taking loans decrease credit score?
Asked By: Hoyt Kreiger
Date created: Fri, Apr 23, 2021 1:52 PM
Date updated: Wed, Jun 22, 2022 10:01 PM

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Top best answers to the question «Do taking loans decrease credit score»

Loan is an important form of credit along with credit cards, overdrafts, line of credit, payday loans, etc. So, it is wrong to construe that loans can hurt your credit score. Remember that without any credit, you won't even have a credit score.

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