Quote:
Originally Posted by Mr. Plow
Gotcha. Seems like a lot to me, but having that credit there in an emergency situation would be nice.
|
Your credit score is partially based on available credit, but you also take a hit for closing accounts.
My credit score today is around 800-820.
I totally get the credit card debt trap...in fact I fell into it hard myself years ago and have paid off over 30k in credit card debt.
But that doesn't make credit cards evil....any more than a gun is evil. Both are a tool.....how you use it is on you.