i have a couple credit cards, and ive just taken out my first loan. will this likely make my credit scores…

Brief Explanations:

Taking out a new loan and having multiple credit - cards can initially lower credit scores. New credit inquiries and the addition of new debt can be factors. However, if the borrower manages the new accounts responsibly (makes on - time payments, keeps balances low), the score can improve over time. Initially, it is more likely to go down due to the new credit check and increased debt utilization risk perceived by credit bureaus.

Answer:

Go down