is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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i wouldnt close an account unless it becomes a problem in the future to obtain new credit. sometimes you can consolidate the line to the new card to maintain the same level of credit too, or just...
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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No. The more credit you have and the less you use, the better your credit score. Most financial people say you should be below 7% utilization.
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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No. You're good. I do the same. My FICO is over 800.
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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Generally speaking, concerning your credit score, the more available credit you have in relation to your balance, the better. However, when it comes to mortgages and some other loan products,...
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
1,243 Views
awesome, thanks guys.
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
1,243 Views
sounds like you're in great shape
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
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You'll be fine.
Do you pay your bills on time? Do you carry a balance? That's what they care about.
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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Hey guys,
I have about 10 credit cards, credit limits range from $800 all the way to $40k. In total, I only utilize 8-10% of my credit utilization. I've had a credit card since 18, and I'm now 30....
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
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I agree w brian. Once you close on your home. close some cards, open some new ones. Use your awesome credit to get more $, flights, points, etc. Usually 400$+ worth of points/flights/etc is worth...
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
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I had a ton of cards and they just required me to write something up explaining why the last time I refied.
Wasn't a big deal.
Anyhow, pay attention to Brian1.
Best advisor on this forum.
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
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Whatever you do, don't close your oldest credit card(s). The longer you have an active account, the better it is for your score and report as a whole. If you need to close accounts, it's better...
is having too much credit available not good?
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Thread created 11-29-2012 by tommitls
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11 Replies
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do i need to close the accountss? or can i just leave them open? wouldn't closing on the accounts be more of a negative factor than just leaving it as is?
