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closing credit cards in the states is bad for you. They rate you based on the percentage of balance owed to credit limits, so if you owe 1000 on a
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The370Z.com Sponsor
Join Date: Jun 2009
Location: Loganville, GA
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closing credit cards in the states is bad for you. They rate you based on the percentage of balance owed to credit limits, so if you owe 1000 on a 2000 limit card and 0 on another 2000 limit card, they look at it as only a 25% utilization, which will yield a higher credit score than a 50% utilization.
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