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Generally, anything you do that takes on more debt will lower your credit score.

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โˆ™ 2006-02-27 02:38:44
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The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

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Q: Does accepting a pre-approved credit card lower your credit score?
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What are the advantages of accepting credit card sales?

wth out doing that you have no credit score and take the oppurtunity to get a better score

Does checking your credit score often lower your credit score?

No. The only thing that can lower your score is when you apply for new credit. Many companies do background checks that include a credit report, but this will not lower your score. There are ways to avoid lowering your score on accident. Make sure you're not falling into these credit traps.

If you reduce your credit limit on a credit card does it affect your credit score?

yes, it will lower your FICO score.

Does receiving credit drop your credit score?

Not by receiving credit. However, when a number of organizations keep looking into your credit, it does lower the score slightly.

Does being denied for credit lower your credit score?

Yes. It is reported on your credit report.

Does your credit report get worse if you max out a credit card?

Your credit score gets lower.

How does your credit rate effect your mortgage rate?

The higher your credit score, the lower your payments. The lower your credit score, the higher your payments. The analogy above shows how your credit rate affects you mortgage rate.

How does Lexington Law improve credit scores?

Lexington Law can improve your credit score by removing the credit history items that will lower your score. Doing this will raise your overall score.

Is 766 a good credit score?

Yes, 766 is considered a good credit score. It is not a perfect credit score, but should be able to get you lower interest rates and approved loans.

Will bill consolidation hurt your credit score?

If you are not able to pay your many student loans, your credit score will be hurt. If you consolidate, you have a better chance of having a lower monthly payment that you can handle. A lower score that you will be able to pay, which in turn will only help your credit score.

What should my credit score be before trying to purchase a home?

When you are getting a home they like to see your credit score 620 and above to get preapproved for a loan. But in order to get better rates for loans they usually want to see your score in the range of seven hundred. They may be more forgiving if this is your first home purchase.

Does each credit report you make lower your credit score?

Yes, not by much but, yes.

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