So long as you pay your payments on time, for credit cards and loans, you are fine. If you do not pay on time, then your credit score will become comparatively low and your ability to borrow will be diminished.
Inquiries:
If you are a credit seeker, this is also bad. A credit seeker is a person who consistently applies for credit, repeatedly, in an effort to obtain cash. The way the credit bureau knows you are a credit seeker is if you have 3 or four inquiries in a short period of time. IE: Your record shows that you went to 8 stores over the course of 1 week to borrow money.
Don't worry about having 2 or 3 inquiries over the course of a week, since this is deemed "normal". However don't have 2 or 3 inquiries per week, each week. That is to say, it is normal to have, over the course of 12 months, 4 or 5 inquiries, ie: an inquiry or two every 3 or four months. After all, you have to live life and get electricity hook ups, buy new cell phones or purchase new cars or homes.
It is not normal, however, to have 20 or 30 inquiries over 12 months. If you have multiple inquiries, you may be deemed a credit seeker and your credit score will go down.
