False belief about the magnitude of changes in a credit score due to inquiries for credit card applications
An item at Rupert Murdoch's foxnews.com falsely states, "There will be a temporary dip of two to five points in your credit score (your score is on a scale of 300-850) per credit card application, but as long as you remain aware of the five main factors that determine your score and keep them strong, you can absolutely open several credit cards a year without affecting your overall credit worthiness."
