But, if you open multiple credit accounts in a short period of time, your score can take a hit. (gobankingrates.com)
Research shows that borrowers who open or apply for multiple credit accounts in a short time period are riskier borrowers. (blog.compmort.com)
Banks and credit card companies view repaying multiple credit accounts as high risk for default compared to repaying a few credit accounts. (rebuildcreditscores.com)