2. Gambles with Your Credit Score

Taking out a new loan or acquiring a new credit card typically triggers a drop in credit score. Granted, this decrease is usually temporary, and you can regain lost points with good credit habits. But why risk your credit score for a loan that you don’t need, or want? If you’re in the process of building a stellar credit rating, don’t gamble with your score.

Late Payments Will Appear on Your Credit Report
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