Is it a bad idea to keep applying for credit cards when you are unemployed and would it be a good idea to get a grant to pay off all cards?
Answered on Friday, September 28th, 2012 by
Amy Miller

Good question!
You can apply for a credit card when you are unemployed only if you have some source of income. But as I understand you have already had credit card and not one. If I’m right it would be better if you refrain from applying for a new credit card. Instead, if you do have some income, try to manage your current credit accounts properly. You don’t need a grant to pay off all your cards at once. Everything you need is to make payments on your credit card on time, watch over your spendings, and stay within limits. Try not to put big purchases on your card: you only need to show the activity. Doing this you won’t ruin your credit history and credit score.
Once again, don’t pay off all your credit cards at once, it won’t help your credit score. If you can make on time payments – do it, it will be enough for your credit history to be in good shape. But if it is impossible for you to make at least minimum timely payments then you can get a grant and pay off all your credit cards. Remember if you close all your credit accounts you will ruin your credit score.

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