Quote:
Originally Posted by AVERYxo  i have heard this too!! a similar thing happened to my BF's sister when she and her husband were buying a house a year or so ago.. they both had good credit.. but they had too many things open in their name(even though there weren't high balances on ANY of them.. some had nothing charged on them at all) plus the fact that her hubby is self-employed, didn't help either! but they got the loan for the house.. it was just more difficult than it needed to be! 
so i have a question then.. does anyone know if it's better for your credit:
-to have a few more open cards, with no owed balance on them.. OR..
-to close a card or two, if you are gonna open another (..cuz i have heard it's negative on your credit score to close credit card accounts also!!) ?!?!  |
Good Qs!! I want to know also!! I thought it was better to have more open cards with no owed balance on them bcoz it helps to keep the ratio up?