Anonymous
Post 01/16/2013 19:28     Subject: How many credit cards do you have?
Anonymous wrote:Okay also OP, it's bad for your credit to open new credit lines, but it's good for your credit to have a high credit to debt ratio (i.e. the more credit you have, the better). So...I have kept all my old credit lines open (3) but only use 1 actively.


FICO (credit score) is the how much debt you have score.

CASH IS KING
Anonymous
Post 01/16/2013 10:41     Subject: How many credit cards do you have?
Okay also OP, it's bad for your credit to open new credit lines, but it's good for your credit to have a high credit to debt ratio (i.e. the more credit you have, the better). So...I have kept all my old credit lines open (3) but only use 1 actively.
Anonymous
Post 01/16/2013 10:27     Subject: How many credit cards do you have?
My debit card number has been stolen twice, and I never had any issues with my bank. It was pretty easy to tell which charges were fraudulent, and I didn't have to pay anything.