Posts Tagged "credit cards"

Video: History of Credit Series

It might be hard to imagine using credit differently than you do today, but the process hasn’t always worked as it does right now. Just like almost everything else in America, the years since the pilgrims landed on Plymouth Rock have brought improvements in leaps and bounds that have made credit available to more people, […]

Audio: Credit Cards and Taxes

They’re two things you might think aren’t related at all, but it’s not the case. In fact, there’s two ways that your credit cards can play a role in your tax planning and response plan, depending on whether you owe or are the recipient of a big, fat refund check. Listen in to get the […]

There is no limit on the number of credit cards you can have

Dear Experian,

How many credit cards can I have? I have eight credit cards. I opened all of them within the last year (total $6,500), plus a loan for a car ($16,000). I am a housewife. My husband pays all my bills on time, but he keeps asking me to get new credit cards. I wonder if it’s damaging my credit history or my credit score. Also, is it shown on my credit report if I apply for a credit card and I do not get approved?

– ARY

Balance-to-limit ratio applies only to revolving accounts

Dear Experian,

Does the balance-to-limit ratio only apply to credit cards, or does it apply to installment loans, such as student loans or auto loans, as well?

– NDR

Getting more credit cards to help credit scores

Dear Experian,

Will my credit score improve if I have more credit cards? Do I have to use them to get a better score?

– IGG

Business credit cards on your personal credit report

Dear Experian,

I am the sole proprietor of an LLC. Will credit cards in my name and the name of the business show up on my personal credit report?

– AHK

Closing accounts after death of husband

Dear Experian,

My husband died on July 10, 2009. I am closing out nearly all the credit cards he had. How will that affect my credit score?

– PRE

Our policies for Ask Experian:

The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post.