Mar 18, 2020

Credit cards to many?

Raymundo Kyser: Not at all, as long as you don't carry more than a 50% balance on all 3.

Alecia Kaehler: It's not the number of credit cards, it's the balances you carry. About a third of your credit score is based on the ratio of revolving debt to available limit. Carrying balances of more than 30% hurts your score; 50% kills your score. Pay off the balances and get a quick boost to your score.Experts actually recommend 4 revolving credit lines and 2 installment loans to get the best mix for the best score....Show more

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