30 May, 2009
Myth 8: Closing Credit Accounts Will Help Your Score
Posted by: Steve In: Credit Card Myths
This one sounds logical, especially when a mortgage broker tells you that lenders are suspicious of people who have lots of unused credit available to them. What’s to keep you, after all, from rushing out and charging up a storm?
Of course, if you think about it, what’s kept you from racking up big balances [...]
Tags: Credit Card Myths