hydra1970 asked:


What impact does closing credit cards have on your credit score?
I have a number of credits that I am not using. What impact if any would closing some of these accounts have on my credit score?

http://creditcardsandchecks.com

shooter 1 asked:


I have zero debt. I also have several credit cards. I am wondering how it will affect my credit to request the highest limit for each card, or if I should cancel all but 2 and have those with high spending limits. Along the same lines, how does “available” credit affect one’s credit score negatively or positively? If I get a $50,000 limit on a card (with 0 balance) but say, go to buy a car, will I be denied because I have too much credit out there?

http://creditcardsandchecks.com

tgent2k1 asked:


I have 4 credit cards (limits are 1000, 3300, and two 500s) and was considering getting rid of one 500 credit card. Should I pay the whole thing off and KEEP it or GET RID of it??

http://creditcardsandchecks.com

Kat asked:


I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?

http://creditcardsandchecks.com

achyled asked:


I’ve heard both… my teacher said having a lot of credit cards will lower my score. But I also read that part of your credit score is based on the formula

how much you owe/ total credit , so in that case having more cards would be better. I have 7 cards and I only use 2 of them. Should I cancel my other cards?

http://creditcardsandchecks.com

Erick R asked:


Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!

http://creditcardsandchecks.com

Zoxx asked:


Right now I have 10 Credit accounts open. Ranges from $424.00 to $5200.00 with a credit score of 728.

I have $0 balance all of my cards at this time.

I just applied to get a motorcycle and they denied me saying that I have too much revolved credit open.

I rent a apt due to the high housing prices. I have yet been able to afford a house due to those circumstances.

I have a couple questions that I hope can be answered.

1. How many Cards should I have open at one time?

2. I have heard having allot of closed accounts on your credit report looks bad. T or F (Explanation Please)

3. I have heard that you should always keep a small balance on all your cards. T or F (Explanation Please)

4. Should I try and get an outside loan from a banker or lender to get a lower APR than what they are offering at the dealership?

5. Any other useful tips to help keep my credit score on the rise without accruing allot of debt?

Thanks Allot.

http://creditcardsandchecks.com

Doug G asked:


I’ve opened a few credit cards lately, but don’t plan on using them, only for emergencies. Will just having 4 or 5 credit cars available for my use somehow hurt my credit score, or credit in general for future loans I might want?

http://creditcardsandchecks.com

tampabay5400 asked:


I have a low credit score (545) and would like too improve it by getting credit and paying it on time, problem is alot of creditors won’t accept be BECAUSE of my low credit, and I can’t just keep applying too everything because obviously that lowers your score. So PLEASE tell me which credit cards will give anyone a card even if the interest rate is insane!

http://creditcardsandchecks.com