In short, yes, you can have too much available credit. How much available credit is too much? The answer to “what’s considered too much credit” is not so black and white. But, the factors normally come down to the company…
The amount of credit that you need is just that. It’s the amount of credit that you personally feel that you need. The amount is not the same for everyone as every person’s financial goals and plans are different. For…
If you apply for a credit card, for example, and are declined, you can contact the credit card company and ask that they provide a recon or reconsideration of your application decision. During a recon, the credit card company reviews…
A grace period has different meanings, but it typically refers to the amount of time that you have before something (usually negative) occurs. For instance, if you have an auto loan that is typically due on the first day of…
When you close an account or tradeline, you retain the age of that tradeline for 10 years. But, you could still be negatively impacted by a closed account. For instance, closing a credit card will result in a higher utilization…