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ken0042 · 07-25-2007, 02:12 PM

As little credit as you need is best. When somebody pulls your credit report, it shows what you owe, and what your limit is. So as an example, you may be applying for a mortgage for a $300K house. If they look and see that you have $50K available to you in credit; they know that you could end up on the hook for more than you might be able to afford.

I keep 2 cards; just in case something happens to the one bank- like a computer malfunction or something. What creditors look for is how you pay off past credit, and how much you owe or potentially owe to others.

07-25-2007, 02:12 PM	#2
ken0042 Playboy Mansion Poolboy Join Date: Apr 2004 Location: Close enough to make a beer run during a TV timeout Exp:	As little credit as you need is best. When somebody pulls your credit report, it shows what you owe, and what your limit is. So as an example, you may be applying for a mortgage for a $300K house. If they look and see that you have $50K available to you in credit; they know that you could end up on the hook for more than you might be able to afford. I keep 2 cards; just in case something happens to the one bank- like a computer malfunction or something. What creditors look for is how you pay off past credit, and how much you owe or potentially owe to others.