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Originally Posted by tupacbiff1
Matadon- your thoughts are respected. Their are many different views on how to build a high fico score. Some can obtain a high fico with 2 cards others do better with 5. However, a major factor in obtaining a high fico score is credit history, the longer the better. You lose that history by closing a card.
I am a frequent poster on creditboards.com where this arguement is dealt with on a much deeper level. Im not going to go into detail as to why my method is better. I suggest each person does the research themself to full understand credit issues. I will say your view is so to speak more basic in terms of credit scoring. This is a subject which even so called experts like Suze Orman cant comprehend.
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With all due respect that's the reason this poster, both thread starter and Matadon are posting here. We're looking to enlighten and be enlightened.
Please feel free to enlighten us. You won't break our brains.
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