The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Does opening a brokerage account affect your credit score?” The short answer to this is no. Opening a brokerage account does not affect you credit score and it’s because you are not taking on liability or taking on debt. When you open up a brokerage account, your intention is to actually invest the money that you have and to buy securities, trade options or other types of investment vehicles. When you open up a brokerage, you’re not taking on debt and that’s where the impact on the credit score really comes. Credit scores are impacted when you open up new accounts for credit cards, auto loans, student loans, lines of credit, mortgages, leans, personal lines. Those are the types of things that would affect your credit score. Opening a brokerage account does not affect your credit score. I don’t think that there’s any scenario which it would, unless there haven’t been a p