What suggestions do you have for improving one's credit score?
What suggestions do you have for improving one's credit score?
user
We could start with checking if your credit card bill is accurately calculated, and if your bank or credit card company is charging any unnecessary late fees or higher interest rates. You might also want to find out if you’re applying for too many credit cards and loans.
assistant
What is considered too many credit cards?
user
We would define this as if you were applying for more than one or two credit cards or other forms of borrowing every year. There are additional risks involved in having multiple loans at the same time.
assistant
So what would a reasonable number be for the average person?
user
Probably less than one per year.
assistant
So I should not apply for more than one credit card in any calendar year?
user