|reply to dragonfly |
Re: [Serious] new ikea credit card
said by dragonfly:Yes and no, having an account can also hurt you, because if they see the available credit on the account as being available to you, so it can possibly lower any future amount you want to borrow. (New creditors assumes you will use all your available credit)
That's a myth, Gone. FICO scores are based on account history, number of months reporting. Having accounts open with zero balance will build a history just fine.
Also, having a 0 balance does little good to your credit rating. The scores go up based on use and payment history. Generally if you want to see your scores go up, use the cards but never carry more than about 35% of the available credit as balance.
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