However, this can hurt your credit rating

The basics of Credit history

• Whether you have been punctual in your past costs
• The degree of personal debt you owe
• Enough time you’ve got got fund or handmade cards a fantastic
• The blend of different varieties of borrowing
• Exactly how much brand new borrowing from the bank you have got taken out has just

Of the many such activities, one factor is actually purchasing timely, that produces as much as thirty five% of your credit score.