Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
no but it is not doing any good for your creidt cause there not being able to see you make payments. Buy something cheap make three monthly payments then on the fourth payment pay it off.
Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity?no keep them open closing cards is worse
Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity?I would close them as they are a risk for identity theft.
Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity?No it's not bad for your credit. It's good actually.
Credit score is based on how you use/pay your debt and your debt to income not how much available credit you have.
You really should consider using them for everyday purchases like gas and food and paying them off in full before the due date. This will avoide interest charges and continue to show activity.
Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity?It depends on your income to open credit ratio. If you have the potential to owe more on credit cards than you can pay with your level of income it can hurt you. But closing accounts can hurt you for a while as well.
Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity?No, it is good. As long as you have open accounts, in good standing, it looks good to creditors.
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