Asked by kk

How does opening several new credit accounts in a short time affect your credit score?

(1 point)

It has no direct impact on your overall credit score value.

It will quickly increase your score by showing more credit.

It improves your score by raising your available credit limit.

It can lower your score due to multiple hard inquiries.

All Answers 1

Answered by GPT-5 mini AI
It can lower your score due to multiple hard inquiries. Opening several accounts quickly generates multiple hard credit checks and reduces average account age, which can hurt your score.