Posts Tagged ‘should’
How many credit cards should you have to get the maximum fico boost?
March 11th, 2012 | 
Author: Question by Alex L: How many credit cards should you have to get the maximum fico boost?
What is the ideal number of credit cards to get the best possible fico score. I don’t have late payments on my mortgage or credit cards. Thanks for the help
Best answer:
Answer by eyeswideopen37880
To my knowledge, it doesn’t matter how many credit cards you have as long as you keep your debt to credit ratio as low as possible.
What do you think? Answer below!
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How many Credit Cards should I have open at one time?
Question by Zoxx: How many Credit Cards should I have open at one time?
Right now I have 10 Credit accounts open. Ranges from $ 424.00 to $ 5200.00 with a credit score of 728.
I have $ 0 balance all of my cards at this time.
I just applied to get a motorcycle and they denied me saying that I have too much revolved credit open.
I rent a apt due to the high housing prices. I have yet been able to afford a house due to those circumstances.
I have a couple questions that I hope can be answered.
1. How many Cards should I have open at one time?
2. I have heard having allot of closed accounts on your credit report looks bad. T or F (Explanation Please)
3. I have heard that you should always keep a small balance on all your cards. T or F (Explanation Please)
4. Should I try and get an outside loan from a banker or lender to get a lower APR than what they are offering at the dealership?
5. Any other useful tips to help keep my credit score on the rise without accruing allot of debt?
Thanks Allot.
Best answer:
Answer by B.S.
you have excellent credit score .
few warning’s.every time you apply for another credit card ,they check your credit ,and many place’s turn you down for that reason .
also you have zero balance ,you need to start ,using the revolving door ,use one ,and pay ,use another one and pay ,they don’t care about how much money,or credit you have ,they just care if you pay your bill’s on time .
the amount of credit card’s ,should not matter ,i have about 10 but i wait for time to lapse before i apply for a new one .
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How many credit cards should a person have?
Question by Ella: How many credit cards should a person have?
I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?
Best answer:
Answer by ses
ONE with a very low limit. to build up your credit score. keep yourself out of trouble
What do you think? Answer below!