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tobylu

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Why should I get more credit cards when I am retired to make my score better.

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35% of a credit score accounts for payments. If you're retired, and have no use for credit then don't obtain any. Should you need a vehicle loan , if you can't pay cash outright, then you might want to think about it.

A credit card is a good means where you won't have to pay interest; as long as you pay the full balance monthly.  Any other type of loan or credit will have an interest charge or fees attached to it, such as a home equity loan.

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