Credit history report Montana

As an example, if you have had one of the cards you are thinking of cancelling for 5 years, and kept that card in good standing, always making payments on time etc., then once you cancel it that good report will be gone. When credit checks are run, they are looking for that good history, and the longer teh better! Another alternative to cancelling a card if you have a long history on it, is to have the limit lowered as much as possible. In the long run, the amount of credit history report Montana available credit you have will have credit history report Montana a higher impact than the fact credit history report Montana that you have 4 credit cards. 4 cards with $2,000 limit each is still less than one card with a $10,000 limit. A few months ago, PC Financial turned down my application for its MasterCard. I called and I was told that my credit report was actually very good. However, I did not have a landline phone number and I gave them my cellphone number as my home phone number. The PC Financial staff told me to get a landline phone number and then to apply again in 6 months. When I asked if my cellphone number was the reason for them to turn down my application, the staff said yes. free credit report from government Why would I apply credit history report Montana for a landline phone number when I am only the only occupant credit history report Montana in this apartment, and I wont be at home half of the time in the day? I did order my credit report after my application credit history report Montana was turned down. So, sometimes, when youve been turned down for a loan, it might not be about credit history report Montana your credit rating. But my experience credit history report Montana tells me that, sometimes, banks just dont credit history report Montana like making exceptions.

Actually cancelling old cards has a short-term negative effect on your credit score only if the accounts are older than the average of your credit lines presently reported.

In short, a part of credit history report Montana your credit score is calculated based on credit history report Montana the age of your credit lines and if you cancel your two oldest credit lines your average age will drop, bringing your score down slightly with it. credit 3 This will correct itself over time, and quite frankly shouldnt be a big deal unless youre credit history report Montana looking to apply for credit immediately (in which case apply for your new credit and THEN cancel those cards). The only other scenario when canceling credit cards has a negative effect is if it significantly increases your credit utilization (lets say you owe $4000 on 5 credit cards which credit history report Montana have a total credit limit of $10,000 altogether. If you cancel two cards that have $2000 limits and keep that $4000 debt your credit utilization just went from 40% to 60% and your score will drop a bit). In general, FICO rewards credit history report Montana long term stability and responsible use, so govern your actions accordingly. Dont worry too much about your credit score, if youre paying your bills on time, not defaulting on your financial credit history report Montana obligations and checking that your credit reports have no errors then your FICO score will likely look after itself.

I am currently in the process of repairing my credit history.

In my youth i did always make credit history report Montana the best choices and I am wondering how long these choices will be haunting me. free 3 credit scores I had a run in with a collection agency, years ago, and i am wondering how many years before this will disappear? I am currently waiting for my report from Equaifax, so I will credit history report Montana be able to understand what is affecting it and such. So, typically, credit history report Montana how many years do things stay on our reports? Some things like bankruptcy stay a long time 7 years.