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Does having too many credit cards affect my credit score?
Author: Tracy Carlye
Website: http://www.trxcredit.com
Added: Thu, Nov 2, 2006 7:05:25
Category: Credit Questions
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Having too many credit card will eventually affect your credit score. Some may have high balances or a large amount of credit available, which can also cause a negative impact to your scores.
It also depends on your history or credit files. Excessive financial obligations will frequently bring you to defaulting on the payments of some of your credit cards, which lowers your credit score.
keywords: Credit | Credit Card | Debt | Credit Report | Loan | Bank About the Author:
Tracy Carlye answers frequently asked credit questions at PrettyGreatAnswers.com.
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