Comments on: Credit Card Closing http://nickmomrik.com/2004/09/17/credit-card-closing/ Fri, 12 Mar 2010 20:50:32 +0000 http://wordpress.com/ hourly 1 By: Nick http://nickmomrik.com/2004/09/17/credit-card-closing/comment-page-1/#comment-10165 Nick Wed, 22 Sep 2004 12:29:25 +0000 http://nickmomrik.com/2004/09/17/credit-card-closing/#comment-10165 I've never carried a balance on any of my CC. I only spend money that I have and then pay off the bills each month. For me, CCs are just a convenience thing. I’ve never carried a balance on any of my CC. I only spend money that I have and then pay off the bills each month. For me, CCs are just a convenience thing.

]]> By: Jeremy http://nickmomrik.com/2004/09/17/credit-card-closing/comment-page-1/#comment-10166 Jeremy Wed, 22 Sep 2004 11:05:45 +0000 http://nickmomrik.com/2004/09/17/credit-card-closing/#comment-10166 I only have one left. I used to have about 7 different ones going, and about $7000 in debt, but now I have no credit cards, and a sweet 4.25% loan, which only $4500 remains. :D I only have one left. I used to have about 7 different ones going, and about $7000 in debt, but now I have no credit cards, and a sweet 4.25% loan, which only $4500 remains. :D

]]> By: Nick http://nickmomrik.com/2004/09/17/credit-card-closing/comment-page-1/#comment-10167 Nick Fri, 17 Sep 2004 22:44:13 +0000 http://nickmomrik.com/2004/09/17/credit-card-closing/#comment-10167 The reason I closed my accounts is because I hadn't used them in months or even years on a few of them. I was calling places that I haven't had a card for years, but had never actually closed the account. I don't know how all of the credit ratings work, but I've never been turned down on anything. Might come in handy though when I get a new car in a few months. The reason I closed my accounts is because I hadn’t used them in months or even years on a few of them. I was calling places that I haven’t had a card for years, but had never actually closed the account. I don’t know how all of the credit ratings work, but I’ve never been turned down on anything. Might come in handy though when I get a new car in a few months.

]]> By: Deke Blue http://nickmomrik.com/2004/09/17/credit-card-closing/comment-page-1/#comment-10168 Deke Blue Fri, 17 Sep 2004 22:27:33 +0000 http://nickmomrik.com/2004/09/17/credit-card-closing/#comment-10168 There was one right answer on that 'FAQ' by anonymous people. The more credit you have available the higher your credit scores. In order to avoid fraud you should monitor your credit report for unauthorized accounts. Now I'm not saying you should max them out, scores are based on AVAILABLE credit. The better your scores, the better your interest rates on mortgages and car loans. High scores = leverage. There was one right answer on that ‘FAQ’ by anonymous people. The more credit you have available the higher your credit scores.

In order to avoid fraud you should monitor your credit report for unauthorized accounts.

Now I’m not saying you should max them out, scores are based on AVAILABLE credit.

The better your scores, the better your interest rates on mortgages and car loans. High scores = leverage.

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