How bad is it having high credit limits on multiple cards? - high credit limit credit cards for bad credit
say that with many cards with high limits can be bad ... So, if u are in a position to them and stay on the trail balance? What is much? How many cards and the boundaries of the school?
Tuesday, January 12, 2010
High Credit Limit Credit Cards For Bad Credit How Bad Is It Having High Credit Limits On Multiple Cards?
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5 comments:
Please use the available credit and credit balances of less than one third of the total credit available is not so bad. and remember 15% of the credit score is for a change on the stability is based not a good idea. They say they have more than 5 cards with 30,000 + would be odd if you make $ 45,000 per year, but if you would have $ 150,000 a year is not so bad. I worked for a company, cc and 1 / 3 of the utilization rate has been as good. If possible, pay on time and the reinstatement of the loan, which shows that you do not need the $ $ $. The last person in the cc company would like a customer who needs their money, the more you can show the use of $ $ wise, the better. Sometimes also say that you get competitive bids, and please the lower rate if your credit is good, you should play your. But remember that if you do not have the balances are not encouraged to reduce the speed.
Good luck
Please use the available credit and credit balances of less than one third of the total credit available is not so bad. and remember 15% of the credit score is for a change on the stability is based not a good idea. They say they have more than 5 cards with 30,000 + would be odd if you make $ 45,000 per year, but if you would have $ 150,000 a year is not so bad. I worked for a company, cc and 1 / 3 of the utilization rate has been as good. If possible, pay on time and the reinstatement of the loan, which shows that you do not need the $ $ $. The last person in the cc company would like a customer who needs their money, the more you can show the use of $ $ wise, the better. Sometimes also say that you get competitive bids, and please the lower rate if your credit is good, you should play your. But remember that if you do not have the balances are not encouraged to reduce the speed.
Good luck
It is a balance. Your credit rating will go, if you have the excessive availability of credit, because they have great potential liabilities. There are some, but not more
Not so much the upper limit, but the balance of the size. That makes it pose a security risk. A balance on a high limit means that there is not much room for emergencies. It is also a reflection of their overall debt. Many cards with a balance of adding up to half.
Each card effects rated 5 to 20 points, I have a lot of credit repair and work in the credit industry. If you have 5 credit cards with a good chance that your score is low, like 600-660, if your balance is below 40% of the credit score over 700 If the transfer of all the cards in one and keep the other open letters (in a very low balance) your credit score increase dramatically.
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