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Is it good to have open credit cards with high limits and no balances? PDF Print E-mail

Read our articles on point scores. 

Good credit acumen would say yes, but in today's credit enviroment - the answer is NO, based on "trying" to keep a good credit score. 

Three cards with low limits that are being paid on monthly is the best situation for credit scores.

A card that have been opened for over 10 years can really help push those scores up.

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3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

 
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