Quoting real Person>:
I was on your website trying to find tips...i was wondering.. if i dont use credit cards...but they have no balance remaining, is it better to leave them open, and just not use them..or the close them?
Thanks
Real Person
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Friday, August 12, 2005
if i dont use credit cards...but they have no balance remaining, is it better to leave them open
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1 comment:
Most Credit savy people realize debt to high credit limits hurt score more than help.
If you have a 4 lines of credit worth 5000 high credit each and only owe 4500 on 1 card then close all the other cards a person goes from 4500-20000 to 4500-5000. BAD!!!
Some people argue both sides
one allows you to help yourself if you find money troubles some time
two consolidates your credit and makes you a better risk and possible a little
bit better score.
if your are 720 range so what.
if your are 639 then i can argue the point of closing stuff.
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