Credit check Shreveport

Ideally you want zero%, but a rate of 30% or lower isnt too bad. Canceling a 10 year old line of credit can hurt a little, especially if your other lines of credit are relatively new. The average age of credit is taken into account in the FICO scores. Keep plugging away and your scores will continue to rise. when i learned about the credit history thing, i started not to close my unused credit cards, i just hope that this do good to me Too much available credit can be a credit check Shreveport bad thing? As in, the more available, the more it shows youre credit check Shreveport responsible and not running up debt. I live in Canada, but I imagine the same thing would apply here. Would you mind telling how much it dropped your score, if you know? Ive got a card Im not using that Ive been thinking about closing, but Id love to be able to estimate how much its going to hurt me. Richard, I dont know exactly how much more score dropped, but average length of credit history accounts for 15% of your score. free credit report without paying Since this was my longest tenured card, it substantially dropped the average credit check Shreveport age of my credit. As for how much it will drop your score, I have no idea. For older cards, many people recommend just dropping the limit as low as you can and keeping the card open. If the card you are thinking about closing is not your oldest card, then it wont matter as much. Think Outside, Yes, too much available credit can be a bad thing, especially if your debt to income ratio is credit check Shreveport high. Even if your debt to income ratio isnt high, then it means you have a lot of available credit and could go charge up a lot of debt in a short period of time and leave your creditors stuck with credit check Shreveport the bill. free score credit report One thing people can do is purchase their credit score once a year at a certain credit check Shreveport time each year (after they pay credit check Shreveport off their credit card debt) and see how the score has increased or decreased and figure out why credit check Shreveport that happend. Even though I closed my credit card accounts years ago, I found that as a result of my secured credit card last year, my score jumped which is good for me. I would say that it is better to have one card than multiple cards, even if you dont use it, but inactivity can hurt your credit check Shreveport score because you are not using it so even $100 a month, say your phone bill, charge it to the card and send the payment to your card before the end of the billing cycle would help show good payment history. Richard, I closed a balance-transfer card earlier this year and a few months later my score was up credit check Shreveport 70 points but I was also reducing the amount of credit I use. free credit bureau report I had last checked my score shortly after getting the card, and paid off about 50% of the available credit on that card right before closing it so I definitely made some progress on the amount owed. I still have two older cards so closing the account would have increased the average age. It would be interesting to know what levels of credit can be dangerous for your score I want to keep things clean so I can get a mortgage in the next year or two but Im thinking about getting a bigger line of credit for business.