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geno1264

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why can't you add a account

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Top Contributor
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Adding accounts

If you are established in your credit, there is no good reason you cannot add another account, whether it's a consumer loan or credit card.  But, that's only if you feel a real need for doing so.  If you are new to credit and trying to get your score up, then adding a credit card may help.  Just don't go crazy with new credit, because it will harm your credit score more in the beginning.  Over time, with excellent handling of your accounts, and keeping the balances under 30% (preferably 9% or lower) will improve your credit standing.

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