How many credit cards can you have before they drop your credit score?

Posts Tagged ‘fico score’

How many credit cards can you have before they drop your credit score?

By Author on Wednesday, December 1st, 2010 | 5 Comments

I heard having too many credit cards can lower your FICO score even if you pay them full each month. How many can you get before they drop your score? I had problem getting a credit card when I had no credit history and then after I finally got one, I had difficult time getting [...]

what will be the difference in fico score between a paid collection and settlement?

By Author on Friday, November 19th, 2010 | No Comments

There is one negative on my credit report. It has gone to collections and collections agent will take a 20% discount but it shows up on the report as a settlement as opposed to paying the whole thing; then it will show on my credit report as a paid collection. Will that really affect my [...]

If I return an item I buy on my credit card, does that lower my FICO score?

By Author on Tuesday, November 9th, 2010 | 4 Comments

If I return an item I buy on my credit card, does that lower my FICO score? Also, if I set a single credit card aside so that all purchases on it are purchases that I plan to return, will that hurt my FICO score, or my relationship with the issuer of that particular credit [...]

How long will credit score take to return to normal after opening a new credit card?

By Author on Monday, November 8th, 2010 | 1 Comment

I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points? Related Credit Card Sites Soft Pull vs. Hard Pull! [platinum cards] [fico [...]

I am young and want to raise my fico score?

By Author on Monday, November 8th, 2010 | No Comments

I have a credit card that started out with a 0.00 limit. I used it and payed over the minimum (All on time-CURRENT) for a few months and now after it being almost a year it is up to 0.00 limit. I also have an auto loan with Wells Fargo Financial. I’ve been making payments [...]

Southwest Credit Card

Posts Tagged ‘fico score’