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How many credit cards should I have open for a good credit score?

Credit Repair — Fri, 21 Nov 2008 08:32:32 +0000

tgent2k1 asked:

I have 4 credit cards (limits are 1000, 3300, and two 500s) and was considering getting rid of one 500 credit card. Should I pay the whole thing off and KEEP it or GET RID of it??

How many credit cards should a person have?

Credit Repair — Fri, 21 Nov 2008 01:13:44 +0000

Mia asked:

I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?

How many credit cards should you have to rebuild credit?

Credit Repair — Thu, 20 Nov 2008 22:45:42 +0000

Nikita asked:

I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!

How can one use their credit cards to invest without the investment qualifying as a cash advance?

Credit Repair — Thu, 20 Nov 2008 20:33:44 +0000

Michael P asked:

Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.

What business credit cards are not attached to my personal credit?

Credit Repair — Thu, 20 Nov 2008 19:40:19 +0000

Erick R asked:

Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!