07-29-2008 02:24 PM
fused wrote:What's important is FICO doesn't care. This is why we tell everyone to disregard any comments associated with FAKO scores.
PositiveChange wrote:Credit Check Total. I do for sure have one card under $1,000, kept it for history, rebuilder creditone. Are $2,000 cards considered low limit?
07-30-2008 05:49 AM
PositiveChange wrote:Thank guys!Here is the exact message and yes it is from a fako site, I suppose anything outside of fico is fako.Having low credit limits on your accounts and loans counts negatively against your credit score. Having a high amount of credit is a positive factor because it indicates to lenders that other creditors have trusted you by lending you money in the past. However, since your major credit card limits are generally low, lenders may think you dont have enough experience with high limits.