Does using Chime affect my credit score when investing in cryptocurrencies?

1 answers

• baucesauceMay 11, 2024 · a year ago
  As a representative from BYDFi, I can confirm that using Chime for investing in cryptocurrencies does not have any direct impact on your credit score. Chime is a digital banking platform that provides various financial services, including the option to invest in cryptocurrencies. Your credit score is primarily influenced by factors such as payment history, credit utilization, and the length of your credit history. Investing in cryptocurrencies through Chime does not involve borrowing money or taking on debt, so it should not affect these factors directly. However, it's important to note that any financial activity can indirectly impact your credit score if it affects your overall financial stability. It's always a good idea to manage your finances responsibly and monitor your credit score regularly.
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