The new credit section of your credit is broken down into basically two parts: Inquiries (where you have already received brilliant tips on) and new accounts. When obtaining a new account, regardless of what type of account it is, a very common deduction on your credit score may be around 40 points give or take. However, you may not notice this much of a whack on your credit score, due to the fact you simultaneously positively impacted other areas of the scoring model which might have offset the damage.
Full Article here: Weekly Credit Tip: New Credit
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