Information to help you qualify for credit
Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or [...]
Say you are in good standing, never late. always pay the balance. but you have too many credit cards. So when you cancel that credit card, what happens to your credit score? Does the credit limit you had for that card get erased from the records after all those years of building the credit limit [...]
I received my credit report today and it shows that my total credit amount is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit/max balance and that all of my credit cards hadn’t been reported for the past three months. Is there an [...]
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