Creditreport Eureka

when i learned about the credit history thing, i started not creditreport Eureka to close my unused credit cards, i just hope that this do good creditreport Eureka to me Too much available credit can be a bad thing? As creditreport Eureka in, the more available, the more it shows youre responsible and not running up debt. I live in Canada, but I imagine the same thing would apply here. Would you mind telling how much it dropped your score, if you know? Ive got a card Im not using that Ive been creditreport Eureka thinking about closing, but Id love to be able to estimate how much creditreport Eureka its going to hurt me. Richard, creditreport Eureka I dont know exactly how much creditreport Eureka more score dropped, but average length of creditreport Eureka credit history accounts for 15% of creditreport Eureka your score. Since this was my creditreport Eureka longest tenured card, it substantially dropped the average age of my credit.

As creditreport Eureka for how much it will drop your score, I have no idea. For older cards, many people recommend just dropping the limit as low as you can and keeping the card open. online credit card fraud If the card you are thinking about closing is not your oldest card, then it wont matter as much. Think Outside, Yes, too much available credit can be a bad thing, especially if your debt to income ratio creditreport Eureka is high.

Even if your debt to income ratio isnt high, then creditreport Eureka it means you have a lot of available credit and could go charge up a lot of debt in creditreport Eureka a short period of time and leave your creditors stuck with the bill. One thing people can do is purchase their credit score once a year at a certain time each year (after they pay off their credit card debt) and see how the score creditreport Eureka has increased or decreased and figure out why that happend. Even though I closed my credit card accounts years ago, I found that as a creditreport Eureka result of my secured credit card last year, my score jumped which is good for me. free crdit report I would say that it is better to have one card than multiple cards, even if you dont use it, but inactivity can hurt your score because you are not using it so even $100 a month, say your phone bill, charge it to the card and creditreport Eureka send the payment to your card before the end of the billing cycle would help show good payment history. Richard, I closed a balance-transfer card earlier creditreport Eureka this year and a few months later my score was up 70 points but I was also reducing the amount of credit I use. I creditreport Eureka had last checked my score shortly after getting the card, and paid off about 50% of the available credit on that card right before closing it so I definitely made some progress on the amount owed. I still creditreport Eureka have two older cards so closing the account would have increased the average age. It would be interesting to know what levels of credit can be dangerous for your score I want creditreport Eureka to keep things clean so I can get a mortgage in the creditreport Eureka next year or two but Im thinking about getting a bigger line of credit for business. I know my creditreport Eureka total credit would be less than half creditreport Eureka my (current) annual income so that shouldnt be too risky. credit report and score for free As long as I dont use it all and pay 19% interest on it for years I think I did the same mistake you did and canceled a few unused credit cards because they creditreport Eureka are either store credit cards or provide no reward. I cant tell you my credit score either, but the creditreport Eureka last time I checked my credit report, everything looks good. I just started using CCs late last yr, and hav had my limit jump substancially since starting with X credit card company.