Quote:
Originally Posted by cougjunkie
This is the proper advice. As long as on your credit report it says: "Closed by Consumer" and not "Closed by creditor" You will be fine, not a huge hit at all. In fact it could potentially help your score if your available credit limit is say 20,000. That is higher risk because at any time you can go out and add 20k to your credit profile. That is why most people tell you to have your balance to limit ratio at about 50%.
Are you sure you are not over 800? I mean everyone I talk to is.  |
I wish I were above 800.
Truthfully, I seem to have maxed out. I hit a ceiling and don't seem to move up or down either way.
What are the people at 800 doing that the ones at 730-760 are not? I know the rate benefit differential at that level is going to be negligible, but out of curiosity, how do some folks get up past 800? Do I have to open a few more cards, use them, and pay them off on time?