Quote:
Originally posted by edmos1
however you do want to keep to a normal amount of cards by closing unused ones. Otherwise your credit can be adversly affected by too much credit. These things stay on your credit report for 7 years, and are difficult to get off, believe me I have worked for about 6 months to get them off, and still have troubles.
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Absolutely. Lenders will be less apt to lend you money if you have a large amount of unused credit. On the other hand, by paying in timely installed payments rather than paying off the entire balance all the time, you will improve your credit score.
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