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 donโ€™t need, or want?

If youโ€™re in the process of building a stellar credit rating, donโ€™t gamble with your score.

Late Payments Will Appear on Your Credit Report