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I just graduated high school and I got a credit card today. I want to use it to take out a loan for a car but first I need to boost my credit score.
I'm opening up all of the accounts that I can to boost my amount of available credit.
Apply For a Loan$13900
Now I can apply for a loan to get my car.
You have been denied for a loan because you pose too much of a risk to our company
Oh no! Opening so many accounts posed me as a financial risk, so my lender won't give me a loan.
I have learned now that only a balanced amount of credit accounts can be helpful and too much can make me look sketchy to lenders
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