Store card could torpedo your credit score

By: Bev O’Shea

When a sales clerk cheerfully asks, “Would you like to save 20 percent on your purchases today by opening a card with us?” you may think you’re getting a bargain. But the reality sounds a lot less cheery: “Would you be interested in a low-limit card that could damage your credit standing?” Credit expert John Ulzheimer warns that opening a new store card could hurt your... READ MORE