Apr
5
Does reducing credit availability on a credit card look bad on credit reports?
Filed Under Personal Finance
Tracy J asked:
Currently I have a store credit card that I have had open for 17 years with $5 k credit available to me. I am thinking that perhaps so much available credit ( I also have a Visa with $1k of credit as well) that it perhaps does not look good when going to purchases a car etc etc. Currently between both cards I owe $1.2k Does/will this effect my credit score?
CEDRIC
Currently I have a store credit card that I have had open for 17 years with $5 k credit available to me. I am thinking that perhaps so much available credit ( I also have a Visa with $1k of credit as well) that it perhaps does not look good when going to purchases a car etc etc. Currently between both cards I owe $1.2k Does/will this effect my credit score?
CEDRIC