Comments on: 5 ways to kill your credit score

By: lizweston

lizweston — Mon, 16 Nov 2009 19:32:31 +0000

Lowering limits can hurt your scores, but it’s hard to predict how much. If you can get your credit utilization below 10% on all your cards, you likely could offset the damage, but I’m guessing that $5k card will be pretty close to maxed out from the start.

By: Jozi K

Jozi K — Mon, 16 Nov 2009 16:23:01 +0000

I did something dumb. In order to get a 0% interest credit card I agreed to reduce my limit on another account from $47,500 to $20,000 so the same bank would issue $5,000 limit card with a twelve month intro rate (I’m currenty doing major necessary renovations on my home.) How badly will this reduction of credit affect my credit score and is there any thing I can do for damage control? My credit score is typically in the 730 range.

By: Debt Settlement and Consumer Credit Counseling – What’s the Difference?

Debt Settlement and Consumer Credit Counseling – What’s the Difference? — Sun, 15 Nov 2009 05:23:47 +0000

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