Jump to content


Photo

Financial tips for the bums


  • Please log in to reply
32 replies to this topic

#33 Rishi Das

Rishi Das

    Dao Bum

  • The Dao Bums
  • Pip
  • 438 posts
  • Gender:Male

Posted 12 January 2017 - 09:51 AM

Here is an odd situation that caused my credit score to actually go down... although it is still in the highest area...   I dropped one of my credit cards that I no longer use  :huh:

 

There is a balance where too many cards are not good and TOO FEW are also not good  :blink:

 

It turns out, I was better off keeping a card that had a healthy credit line even if I never used it... 

 

Another great point.

We have got in the habit of putting routine bills on separate cards so they are all utilized equally. Always good to keep an eye on the rewards programs too for any specials - good to switch things up if the opportunity presents itself.

Also, one needs to be aware of limiting the amount of 'hard credit checks' when applying for larger purchases. Too many of these over a short amount of time can also be a burden to the credit score.


  • Aetherous and dawei said thanks for this

“May what I do flow from me like a river, no forcing and no holding back, the way it is with children.”- Rainer Maria Rilke
 





0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users