By: Jennifer Brown
Does it hurt my credit to have open credit cards that I no longer use?
View ArticleBy: Ralph L King, Loan Officer, Embrace Home Loans.
Barry, saw your posting,concern and objective. Raising your score to take advantage of the cuurent low market rates may NOT be necessary. I work with purchase & refinancing and can be reached at...
View ArticleBy: EFX Finance Blog Editor, JF
@Jennifer – Thanks for much for reading. Every person’s credit file is different, and we can’t say for sure what effect open credit accounts will have on your credit score. However, having more open...
View ArticleBy: ncollege4law@aol.com mark
I have a $30,000.00 student loan that doesn’t come due until after I graduate in 2015, but yet it shows up now on my credit report and it’s killing everything on my report. I am on disabiity making...
View ArticleBy: Anonymous
Hello, I started with a score of 680, no mortgage, car payment and only one cc. I have a negative collection account for 300.00 on there that does not belong to me (disputed with no result) and an IRS...
View ArticleBy: NB
Hello, Recently, a credit card I’ve had for a long time put a fraud alert on my account – I called in and verified all charges and they still want me to get a new card (which is a huge pain due to auto...
View ArticleBy: EFX Moderator, EM
NB, Keeping the account open will continue your length of credit history. While the balance is currently zero, you mentioned you have bills currently being paid by that account. You’ll want to make...
View ArticleBy: rarwilliamson
I find the whole credit rating business to be incredibly stupid! I am now retired, but held the same job at the same teaching institution for 44 years. I have lived in the same house, purchased for...
View ArticleBy: EFX Moderator, KB
Rarwilliamson, it’s great that you have stayed debt free throughout your life. Your credit score is based on a number of factors, including payment history. Here is link on how and what goes into...
View ArticleBy: Alan
Hi Diane – I need your help. I have an active credit card with Cabela’s and recently requested a lower interest rate on my card. They sent me a denial letter which actually states the following: I am...
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