More credit cards or less credit cards?
More credit cards or less credit cards?
Author
Discussion

DaineseMan

Original Poster:

628 posts

179 months

Wednesday 6th February 2013
quotequote all
I've always been under the impression that in order to maintain a high credit score, one should always cancel unused credit cards.

However, in relation to my U.S credit file, I was told that I should in fact do the opposite on the grounds that the more credit you have, you'll be using less of the overall percentage of your credit line and therefore be considered a lower risk borrower.

Can anyone advise?

Sarnie

8,373 posts

239 months