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This comment is from Too many credit cards could create risk for holders

David R Hanson
FiLife Contributor
23 days ago

Just one quick nit to pick with the author: "holding" too many cards would not "hurt" your credit score.

"Opening" them would drop your score, as new inquries and a reduced average age of your credit would be negatives in current FICO formulae. But once they are opened, the damage is done.

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