07-19-2007 03:36 PM
07-19-2007 05:04 PM
VLGaffEsq wrote:It's ok to have six credit cards; it is actually all those unquires that hurt you, especially if you are going to try for a refinance or mortgage in the near future. I only say keep the CapitalOne Visa because you want to always keep the credit card you have had for the longest time (that establishes how long you have had credit - a key component to your FICO score!) It really doesn't matter regarding the number of credit cards you have, unless you are paying annual fees on them (which is why I suggest killing the HSBC card since it probably has an annual fee of $39 to $89, just to have the credit card, and no one should pay annual fees for credit card if you don't have to). If you end up cancelling any of your credit cards, keep in mind it may lower your FICO score if their is a significant drop in your overall available credit (which is why, in about 6 months, you should try and get credit line increases on all your other cards). Good luck to ya...
07-20-2007 02:39 AM
future wrote:good job, try to re- open the cap 1 card, it has the longest history, and keep the discovery. what was your scores when you apply for discover....
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