Maybe banks in Canada look at it differently vs the banks in US.
I had four or five cards at one time and when I went to purchase a real estate property, my bank said that all these cards I have limit the amount of loan I can get because they are considered a liability even if the balance on them is zero. They told me to close the cards I do not need to increase the loan amount. Which is kind of the opposite of what the link says.
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Member of kenchan's "photoshopped mods" and "proper offsets" gang.
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