2007-11-27 02:41:07 · 4 answers · asked by Mary C 2 in Education & Reference ➔ Other - Education
Yes, because they represent credit available to you so they hurt your chances of obtaining further credit. The logic is, you could be the most responsible person in the world (and thus merited all those cards) but if you take up cocaine or something all that plastic could be run up quickly.
2007-11-27 02:45:07 · answer #1 · answered by michinoku2001 7 · 1⤊ 0⤋
No, the number of cards has no effect on your credit rating. However, the total balances owed to the amount of credit you have is significant.
2007-11-27 02:44:54 · answer #2 · answered by ally 2 · 0⤊ 1⤋
yes because even though they may have zero or small balances you have the potential of larger amounts of debt
2007-11-27 02:44:14 · answer #3 · answered by beast 4 · 1⤊ 0⤋
yes because it is looked at as debt even if they are not maxed out, because they are a potential debt
2007-11-27 02:44:11 · answer #4 · answered by Storm Warning 2 · 1⤊ 0⤋