Question

 When can too many credit cards hurt you?

Answer On One Hand: Lower Credit ScoreIf you have more than seven credit cards, your credit score may begin to suffer, according to the Motley Fool. When you reach such a high amount of revolving debt, cr... Read More »
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Top Q&A For: When can too many credit cards hurt you

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »
http://www.answerbag.com/q_view/2093143

Does it hurt your credit score to not use credit cards?

On One Hand: Not Using Credit Cards Is WiseIf you know that you don't have the money to make the monthly payments for a credit card, it's best not to use one. According to John Ulzheimer (courtesy ... Read More »
http://www.answerbag.com/q_view/1972216

Will cancelling paid off credit cards hurt my fico score?

Canceling paid off credit cards may hurt your FICO score, according to the Fair Isaac Corporation. Closing an account will not erase past credit problems and it will decrease your available credit,... Read More »
http://www.answerbag.com/q_view/2235944

Does having too many credit cards affect a credit score?

On One Hand: Number of Cards Has No ImpactThe number of credit cards that an individual has does not affect his credit score. Having several credit cards can improve your credit score if you have s... Read More »
http://www.answerbag.com/q_view/1973039


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