 Does asking for a copy of your credit report affect your FICO score? |
| I would like to request a copy of my credit report from one of the credit reporting companys to see my score. Does it affect my credit the same as it would if a lendor ran a credit check?... |
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 Bad credit question? |
| So I used to have really bad credit. But now I'm making really good money. Will I still always have bad credit?... |
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 Credit Cards? |
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 What are some of the best ways to build good credit w/o a credit card? |
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 Last time i paid my credit cards was in 2005, they were charged off, now in collections, can I still be sued? |
| I checked my credit report recently, all the credit card companies have charged them off as bad debt. Can the collection agencies acutally take me to court to force a judgement? Can my wages be ... |
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 How can I improve my credit so that I can get approved for 30k unsecured loan or line of credit? |
| My income is 60K/yr, FICO score 675, 50K student loan in good standing, visa credit card with 3000 limit 3 years old always paid in full on time, 2 old collections reading paid in full on my c. ... |
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 Credit application Fraud? |
| A friend of mine cannot get credit. They have asked me if I would mind putting in a loan application for £400 so they can buy a washer/dryer. He presented me with a completed loan application in my ... |
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 Is being 10k in credit card debt is bad. Please no advertisements.? |
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 Ok credit but can't get a card? |
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 Is there a free credit report site with no strings attached ? |
| Everytime I try to go to a "free credit report"website,it is never free.There is always a "catch".Are there any credit report sites that are absolutely free?... |
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| they offered to lend me money but i have to pay a transfer fee has any one used the.... |
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 Does your credit rating go up if you buy a car with cash? |
| I want to buy a new car because I want to boost up my credit rating so I can get a house later in life. Now I have enough money to purchase a decent car with cash. Will this affect my credit rating? M... |
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 Pay off debt all at once or little by little? |
| If I pay off my debt with a loan and pay under $100 a month, is that better than not taking out a loan and paying about the same per month and not being done paying it all off till about a year from ... |
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 How can I accept credit card payment from someone? |
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| So im looking at getting my first credit card and its through CHASE. They sent me a letter asking me to send a copy of my Social Security Card & Drivers License....is this normal? If so how long ... |
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 Too much credit debt ... Should I use a credit repair service? |
| My CC debt is very high (>$30K), and the payments are getting too high. I have a great credit rating, but I can't keep up with high payments for the next 20 yrs. Should I use a credit ... |
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| What if I got a credit card over 1 year ago, have since moved, and don't know where the card is? |
| and don't know how to contact them for a change of address. I already checked my credit report, but don't know how to contact them. will the card eventually expire? What if they send the ... |
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vaplaya121487 | Can having too many credit cards have you look at as a liability? |
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mathieubg
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Absolutely.
It appears like you are trying to live well beyond what you can actually afford. Instead I would say have your limit raised on a few different cards, 2-3 tops. |
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katie21545
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YES! when a company looks at your credit cards they don't take into consideration what you owe but rather what your credit limit is, that's the balance they take into account. So even though your visa only shows 50.00 owing, tomorrow you could go and buy a fridge and max your card out at 5,000.00. So if you have alot of cards, add up what all the limits are and that shows your potential debt. |
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AB
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Having too many cards with a high credit limits can adversely affect your possibilities when applying for loans. However, it can do the opposite too. Even having several cards 5-7 is still ok. Any more, you should consider closing the newest accounts. |
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sarah j
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what everyone is say can be true.. but when you close cards.. that will lower your credit score even more (depending on how many accounts that you close) Best thing to do is just cut them up once you have paid them all .. and slowly over time close a few. |
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Leisa W
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Yessir! Lenders tend to look at it as you could go out and spend $XXXX.XX - whatever the amount is. According to a friend of mine who is an ex-VP at a bank, that goes toward your bankruptcy score. The best thing is to close all the accounts except the one(s) you are actively using. Like the other gentleman said. |
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sarafina216
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Yes. Creditors frequently take into consideration the total volume and the combined "total available credit" line of all of the cards combined. Example: You have a Visa (total available credit line of $1,500) and a Mastercard (total available credit line of $2,000) and you have a Discover Card (total available credit line of $1,500) etc., etc.,.....Creditors often look at the "whole picture" and take into consideration your potential income versus the actual debt ratio either outstanding and/or available line of credit. If you have too many cards they often consider this a potential "risk factor" of any potential liability and thusly an affected credit score is the possible end result. So, even tho you are indiciating that all payments have been made in full and/or on time it can potentially have a significant reflection regarding your credit score, unfortunately. It is often times better to eliminate one of the cards and close it out in order to maintain that "ratio to ratio" positive affect. |
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CreditScoreBooster
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Exactly!
However if you had a good mix of credit lines with low balances this will make you look opposite.
Good mix would be 1 department store credit card, home loan,car loan, major credit card.
http://www.disputedemon.com/credit-score/
http://www.ficonumber.com/fico-number/ |
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shouldbworkn
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To many C.C. is bad for your credit. It will bring down your score. I don't really see why anyone needs more than 1 or 2. |
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papadoc528
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Yes! |
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