Payments Just A Lot Of Credit Card?
Q: What would happen to your credit rating being you have good credit in the first place never missing payments just a lot of credit card. Last time i checked my credit it was between fair and good and it was because of excess debt. What would happen if you pay all the 14,750 credit card balances off in one month, and close my credit card accounts. Will my credit skyrocket. I have very wealthy and loving parents they offered me a low interest loan today i didn't ask they think i am deserving of it. I haven't used my cards in 18 months i have no problem never using cards again, just wondering credit score because of possible mortgage next few years Whether or not i am deserving i'd be retarded not to accept help like this.
A: -No, chances are better that your FICO score will be affected negatively when you close your accounts. So what? What _will_ raise your FICO considerably is carrying a bank balance *over time* sufficient to allow you to pay off all your credito