A cross-examine going on for credit cards and credit report? i have 4 credit cards and individual one has a symmetry on

i have 4 credit cards and individual one has a symmetry on it. are the other 3 that has no set off & are paid past its sell-by date hurting my credit? Im planning on using them again eventually.

I have 4 cards myself, and collectively on the 4, I maintain a balance beneath $100 which I pay bad every month before the due date. About 35% of your mark is payment history, and if you've have those cards for a while, and you decide to close them adjectives of a sudden, then you freshly shortened your credit history. Just do like you've be doing, keep those balance low, or none at all. It's better to enjoy them with NO balance, than to have them ALL maxed out.

Perhaps yes, perhaps no. Not a uncompromising answer, but that's what I've discovered.

It shows up as the amount you could charge if you wanted to so that amount would be taken into consideration if you tried to receive a loan. But, longevity with a credit card company can facilitate your record as it establishes a way of paying on time (as long as you do so).

Answers: As long as you use them again on a regular basis, they aren't... I've salaried my balances rotten in-full (and on-time) every month and, trust me, unless you haven't used the card at all that month, it still looks approaching there's a balance. Here's an excerpt from Jean Chatzky's book "Pay It Down! From Debt to Wealth on $10 a Day":

Don't verbs that paying of your balances every month is a fruitless thing -- it isn't. By the time you receive your bill, write your check and communication it in, and it's cashed, posted and reported to the credit bureaus, you've already gotten the bill for the subsequent month... in other words, if you're making frequent use of your card, you never show a zilch balance to the bureaus.

Now, if you're concerned because you're trying to catch a car or a mortgage (or another loan) and the lenders are panicky that you may run up a debt quickly, you can nickname your credit card companies and ask them to lower your credit limits if you so desire. It's usually a angelic idea to hold as low of a balance as possible past going to get these loans, though. I hope this help!

Yes and no.

On one foot, the amount of the credit limit you enjoy for each card is considered "potential debt." The means of access creditors see it, you COULD have debt up to this amount soon. This could lower your score.

On the other paw, having a nil balance is considered a angelic thing. Having a long history next to your creditors is a positive as well.

I would save them open, especially if you plan on using them again. It's better to own credit cards with not anything balances than own credit cards that you recently open up. Opening up multiple sources of credit in a short amount of time can be discouraging for your score, so a moment ago keep what you hold :)

No. The cards that are remunerated off are not hurting your credit. The merely way those cards are reported to the credit bureaus affecting your credit is when you own a outstanding balance on them.

Probably not.

That will penny-pinching you have a low debt ratio which is a apt thing for your credit report.

no where on earth on my credit report did it show as a negative that I have several open accounts. If anything this is a positive and not a gloomy for your report.

Yes and No.

*Each card has a credit factor...that is, you own credit available to you.

*How long have you have the cards...to show responsible use?

*If you apply for new credit, the creditor may look at the amount of credit already available to you.

*Perhaps you've already fixed which one of four cards is best for you and you're using it.

*Is that one card the one you've had the longest? ...beside the highest aim? ...with the best rate? ...beside points? ...with a low or all right annual fee? ...next to proper reporting (not Cap One or Am Express?)

If so, you may consider closing the other three. However, if one of the other cards reflects the age of _your_ credit history, it's crucial to keep moving...but use it and keep a stability <30%.

Yes, the add'l 3 cards _could_ be hurting your scores; depending on when you're planning to apply for modern credit and the remaining strength of your credit history.

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It is other best to try to use the cards once every few months if you use the card and pay it sour its just resembling cash