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In reply to the discussion: How many credit cards do you have? [View all]Vinca
(50,346 posts)7. I've lost track, but only one has a balance and that's paid off in full every month. Most are
purely for convenience like buying gas, keeping track of office supplies and to have in case of some dire emergency. A few months ago we paid off our mortgages, too, and when I checked the credit rating while paying the Citicard, the rating went down 30 points. Go figure. I thought once all your bills are paid off it would go up, but apparently if you don't have recurring payments they keep track off they figure you're dead or something. LOL. I don't really care since the score is still very good and I don't want to incur any debt anyway.
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Fair point, but the Nigerian bank I'm in touch with says not to reveal it...
brooklynite
Jul 2021
#3
I've lost track, but only one has a balance and that's paid off in full every month. Most are
Vinca
Jul 2021
#7
Thanks. I appreciate the information. Never thought I'd be penalized by the credit reporting
Vinca
Jul 2021
#34