Credit Score Reform needed

[p-]

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@Anonymous wrote:

Heres another link. The first result on google

Is "Slight Drop" 19-20 points?

You tell me "goalers"!! 

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The internet contains a variety of information; fact, fiction, fantasy, and misconception.  Sorting through it to find the truth can be tricky.  For future reference, I recommend searching the forums here instead of using google for your credit questions.  Kind of like using a plumber your neighbor vouches for instead of one from a phone book. 

Good luck!

[bettercreditguy1]

To answer your questions: 1. Anytime you take on credit, you increase the risk of non-payment, therefore the higher the risk to you and the lender so your score is going to factor that in, meaning drop. 2. If you use a credit card, charge this month, ie Feb, and then pay when the statement arrives, you will NOT be charged interest if you pay it in full. Yes your credit report will show the last statement balance, but you did not pay any interest. In conclusion, if you then let credit card one sit in the drawer, the next reporting period/statement you will see zeros on both, and still no interest paid. Credit is a priviledge and a wonderful tool when used correctly.