Posted on 10/14/2009 3:32:59 PM PDT by SilvieWaldorfMD
Q: Is it true that if I use my credit card at fast food places, my credit score will decrease or that it will affect my score in some way because it looks like I cannot afford to buy food? I pay my bill in full every month. -- Burger and Fries Lover
A: Dear Burger: The fast answer is no, where you eat doesn't have an impact on your credit score, but that's not the full story. Your credit score is just one of the many factors that issuers use when making lending decisions, and while paying plastic for that Big Mac won't hurt your credit score, it might raise issuers' eyebrows for just the reason that you described.
Historically, consumers have turned to fast food in tough economic times, and these times are no different: The National Restaurant Association expects a 4 percent increase in sales at fast food restaurants in 2009. The fare is often belly-warming, feel-good and inexpensive. One fast food meal can cost between $5 and $7 or so, cheaper than other, more high-brow dining options.
(Excerpt) Read more at creditcards.com ...
In and Out bump!!!!!!!!!!!!
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