Quote:
Originally Posted by Kavy
Thank you for all the info. Based on a prior comment of yours I pulled my credit report last summer and closed a $500 MNBA account.
So it looks like I am micro managing something way to much, as per the norm of my life! ha
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I'm happy to help (or at least try).
I'm relatively new in this industry and learn new things every day so don't take anything I say as gospel. There are a few other financial posters on CP and they probably have way more knowledge than I do. There are still things that I need clarifying with regards to how it reports on a bureau.
Good for you to be on top of things. Lots of people aren't very much in tune with their own financial situation. I think it is easier to turn a blind eye to things, especially if they aren't all that rosy in outlook, than it is to work on improving your credit and staying in a financially viable situation.
Moderation in all things...
Have enough credit to get a good rating, not so much that you appear on the verge of bankruptcy. Pay on time and be responsible. At the end of the day if you have too much credit your bank may just ask you to close something. Unless you seem like an obvious credit seeker your credit rating will probably be fine.