Posts Tagged "credit cards"

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?


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?


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?


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?


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?


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