Re: 9 accounts in my credit report
11-10-2012 06:15 PM
Thank you guys.
Wouldn't it look bad to creditor if i have 7 credit card instead of 5 or 4 cards with higher limit and reward?
Do you suggest to just go ahead and deposit $5000 payment on each auti loan to drop the balance?
Idk, there can be a thing called too much avaliable credit and too much recent credit to some lender. But every lender is different.
There are many ppl on here who have 20-30 cards. I think that is way too many. I think 2-3 is plenty.
If you are having trobule managing your cards then yes its best to close the ones you don't use/won't use.
If you like the idea of gaining some more age in your cards before you finaly do close them, then SD is option for you.