Did you know opening a new credit card could help a credit score – even if your borrower doesn’t have a “thin” file? An additional account could move your client to a different scorecard, changing how all of the information in their credit report is scored. It may also improve their mix of accounts and overall revolving utilization ratio.

Whether a new credit card helps, hurts or has no impact depends on the information already reported – and you won’t know for sure unless you simulate its effects! Try it out with CreditXpert What-If Simulator by clicking “Add a new account” on the right and selecting “credit card” from the dropdown menu.