11-16-2005, 01:50 PM
white_2kgt Wrote:credit score is based on amount of credit you COULD have and the amt you have used, plus your history of paying on time, etc. So if you have a credit card with a line of 20k that is 20k less available to have extended to you for other things, cars, house, personal loans, etc. Now, if you have 2 CC's both with 20k limits, well you can see where that is going.
this is VERY good information that i was not aware of before - i'll actually be calling my credit card company to lower my limit in a few days.
'19 Golf R
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J Ray's Top Ten
Previous: '99 BMW Z3 2.8L | 2019 Honda Ridgeline | 2010 VW GTI | 2008 CBR 600RR | 2005 Nissan Titan SE King | 2003 Honda CBR 600RR | 1998 Integra RS | 1998 Suzuki GS500e | 1999 Honda Civic Si | 1986 VW GTI 8v