What types of credit?

[Anonymous]

I have an auto loan, a personal loan, and 1 Commerce Bank credit card. I am working on cleaning up my credit... after I raise my score, what's the optimum amount of CC's to have? 3? 5? I know its good to keep some with no balance, and some with a small 7% balance... im guessing the cc's with a small balance would have the higher credit limits to show lower util.

[Anonymous]

There really is  no min or max  of amount of CC........It all goes by UTIL and payment (ontime) The CC must age   they are counted as new for approx. 1 year.

Message Edited by HappyDays on 03-04-2008 12:43 PM

[Anonymous]

I guess it wouldn't be smart to go on a "spree" when my score improves... I should space out some time so it doesnt show a ton of NEW credit, right? 

[MidnightVoice]

Personal choice - one store card and 2 CCs would be a good start