Does consolidating debt affect your credit


If you are the one applying for the card, at a credit inquiry is likely to be on your credit report and potentially the monthly activity.Often the positive monthly activity is not reported, but if it is, then it can help improve your credit score (assuming you behave responsibly).Credit scores have become an incredibly popular personal finance topic in recent years.The rise of sites like Credit Karma, Credit Sesame, Quizzle and the reporting of credit scores with credit cards have made a once complicated topic more accessible to the public.However, when you leave the company and the card gets closed – you will see a drop in your available credit and thus an increase in utilization.You’ll eventually also lose that healthy history off your report, so be sure your corporate card it isn’t your only credit card.

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You likely authorized the company to get you a corporate card.

Some companies make new employees (or those receiving a company card) an authorized user.

This means you didn’t fill out an application to receive a card.

Magnify Money does not include all card companies or all card offers available in the marketplace.

While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products."Advertiser Disclosure Wednesday, October 25, 2017 The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

See if it gets reported to the credit bureaus on a monthly basis or if there was even an inquiry for you to get the card.

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