The credit reporting agencies keep their scoring formulas secret, however, there are some rules of thumb for you. For one, the number of credit card accounts you have open, the credit limit, and how long they have been open affect your score. It seems to be best to have at least two but not more than three credit cards. Master card and visa are better than store credit cards. It is best if the credit limit on one card is at least $5000. The longer the accounts have been open, the better, up to 7 years

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Tagged with:

Filed under: blog

Like this post? Subscribe to my RSS feed and get loads more!