It’s weirder than you think. Oddly, you hurt your score with too many hot dog loans. Financial experts usually recommend somewhere between 2 to 4 outstanding hotdog loans being paid out at once, as too many indicates bad financial practice.

What works against you, though, is the per loan amount. You might never get above 700 as your loan cap is $1.50. For some reason, it looks bad to credit agencies if credit providers don’t set your cap high, even though technically you can’t unless you already have good credit. Given my former $150 store card I copayed for my mom lowered my score, I can’t imagine a $1.50 loan looking good on your report, lol.