- Centurion Member
- Posts: 197
- Joined: Sun Dec 12, 2010 11:26 am
- Location: Florida
Remember that each lender can look at your total credit scenario (not just the 'score') when determining your creditworthiness. For instance, a mortgage lender may look upon high revolving debt (cards) availability poorly, while a competing credit card issuer may look upon it favorably, hoping to garner your business. When you apply for any type of credit, the creditor often has their own scoring system that determines if you are a good credit risk to them, and if your account will be profitable.
Something you don't want the appearance of is a "credit seeker," or someone constantly opening new lines. Not only will it bring our average account age down, banks may look at you as a higher risk.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.