Question

. For each action, write YES or NO for whether it will likely decrease your credit score:

a. You request a copy of your credit report
b. You open 5 new credit cards in one month
c. You are 3 months late paying your student loan bill
d. You lose your job, & it takes 4 months to find a new one

Answer 1

a. Requesting a copy of your credit report - NO
b. Opening 5 new credit cards in one month - YES
c. Being 3 months late paying your student loan bill - YES
d. Losing your job and taking 4 months to find a new one - YES (if you're late on payments as a result)