1. Sep 30, 2000 #1
   

   Jim Well-Known Member

   I already have 3 unsecured VISA cards and 2 dept store charges. If I receive a secured VISA card will it lower my score? I am not actually looking to get another VISA card at this time.
   
   My foreclosure was in 2/98.
   My Chap 7 B.K. was approved in 2/99.

    

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3. Sep 30, 2000 #2
   

   Michael Guest

   RE: Does having a secured card
   
   Having another credit card will always lower your score.
   
   However if the credit card is open for a while, and if the credit is a good limit then this is countered with higher scoring in the other areas of FICO.
   
   Will a secured card affect your score more than a new unsecured card?
   
   IF ALL THINGS ARE EQUAL NO!

    

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