Changes in Credit Score
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It is understandable that you would think that having an open credit card can hurt your credit score. Well, this is far from the truth. In fact, having an open credit card can bring positive changes to credit score when used correctly. The more you use it and pay in a timely manner, the better your score will be. Londyn’s Financial Services LLC can provide you with expert advice on how to manage your credit cards correctly.

Londyn’s Financial Services Can Help You Manage Your Credit Cards to Boost Credit Rating Changes
Having credit cards can have an effect on your credit score such as:
- Multiple accounts can impact your credit score negatively.
- You can build a strong credit history when paying your dues in a timely manner.
- Managing your credit is a must prior to opening new accounts.
- The terms on your credit card can lead to more debt.
- Managing a few credit cards can boost your credit score.
The Effects of Having Multiple Credit Accounts
If having one credit card can have a positive impact on your credit score, then having multiple accounts would be even better. Unfortunately, this is not the right way of thinking. In fact, the more credit cards that you open, the lower your credit score will be. Opening a few is actually enough to keep your credit score at a good number.
Credit Score Changes
Find out what causes changes in credit score so you can get the right number
- Multiple accounts can impact your credit score negatively.
- The terms on your credit card can lead to more debt.
- Pay dues in a timely manner.
- Maintain a few credit cards well to earn points.
- Get rid of credit card debt as soon as possible.

Accounts that Affect Your Credit Score
The credit score that you have represents your credit history. However, not all of the accounts that you have will be reflected in your credit score. Yes, you may have a great rental and utility payment history. However, they are not included in your credit history. In addition, bills like for your mobile phone, cable, and others will not reflect on your credit score too.
How to Change Credit Score
Your credit score doesn’t usually experience major changes quickly. In fact, most of the time, it stays within a set range. But there are steps that you can take to change your credit score in your favor.
- Prioritize paying your credit card debts. How you handle your active credit cards will reflect on your credit profile and your score.
- If you don’t have much credit history, opening a new account can be useful. Even if you pay your dues on time, there will be little movement in your credit score. However, if you file for bankruptcy or foreclosure, then your credit score will plummet.
- There are some delays between doing an action and having it reflect on your credit report. Once the creditor sends in your information, only then will it appear in your credit history.