Quote:
Originally Posted by 2manyrocks  ...
If anyone is interested, I'll try to find my notes on this.
.. |
I would be interested in the content of the notes.
I have read that having a bunch of credit cards but no balance helps your credit score. I have also heard it hurts your credit score.
The banks now have to provide the credit scores used in your loan. The loan officer said that having a bunch of credit cards does HURT your score so we got dinged a bit but not enough to hurt us. I want to close a couple of cards since I don't use them nor need them any longer but I left them open since I did not know if they would help or hurt. Now I know. At least for one bank.
Later,
Dan