You don't want to have a lot of cards. Maybe 2 or 3 at the most. Having a CC for a long time maybe a good thing as they could get a good credit history and how you handle it. But if you have an account for a really long time but don't use it, that could affect your score as well (they can't gauge your credit history because it's non-existant with that account).

 

No it won't...............if you have a card and never use it it just shows up how long you have had it and it will show that it has been paid up to date. Where the heck do you people get this info?

Non existant credit is when you have no open trades in the past 12 months. Say like you pay off your student loan this year, next year it is not considered an open trade, however will still show up and help but some credit companies knock you........I believe its experian? if you don't have at least 3 or so open trades.

 

mine is 800-805 depending where you look and the way I got it is by paying my credit bills all at once.

 

My info is coming directly from the credit bureau. Where are you getting yours?

 

who cares, just file bankruptcy

 

which one? I know the big 3 experian, trans union, equifax do it the way i say. Since I work with them every day...........

 

I get a report and this is what it tells me about what affects credit score.

"Having had credit accounts for a long time is a positive factor because your credit history allows lenders to evaluate how you typically use credit and repay your debts. However, accounts that have been open for a long time may have a short payment history, either becuse you have not used the account recently, or because the lender has not reported the payment history to the credit bureau. Having a short payment history is a negative factor, even for accounts that have been open for a long time. This is because it does not provide lenders with the information they need to determine how you repay your debts."

If I worded it wrong my bad, but that's what I was trying to get across. h:

 

........................

Dweezel.

Dell Card - Limit - 1500 Current balance around 510ish
CapitalOne - 12.95
HSBC - 570.01
School Loan - 665.00 left. paying that 100 dollars a month


This is what I got from www.experian.com

Percentage of credit currently available 65.79%
Satisfactory accounts 13
Now delinquent/derogatory accounts 0
Was delinquent/derogatory accounts 2
Public records 2 - I think that was when the state put on lien on me for not paying the taxes. Once they put that I paid it the next day.


This is one thing I got from truecredit.com
You have not had enough debt experience. [TransUnion, Experian] A healthy balance of credit and loan accounts is key to achieving a high credit score. It is important to build a record of responsible credit use over time with different types of accounts. Consider opening a new account to strengthen your credit report and improve your score.

 

hey, if youre late on a credit card payment by like 3 days, does that have a huge influence on making your credit worse?

 

late = late whether its a day or not.
They typically have a grace period though.