How to BOOST your score. May easily apply to everyone!

[Anonymous]

THIS WAS PROVEN ON MY PERSONAL CREDIT REPORT and MAY BE DIFFERENT FOR OTHER PEOPLES CREDIT REPORTS.
Do not exceed number of cards with balances when pulling score.

I can only say for my credit profile it has this effect!

When I have:
4 or less cards with balances on CR, score is higher.
6 or more cards with balances score drops.
Not sure about 5 but think same as 6.

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NEXT IS STRICTLY MY OPINION ONLY, NOT PROVEN.
How many card should a person own.
In my opinion less than 2 is not good for your score unless you can't use your cards wisely. How many is up for discussion. The magic number that I recommend is 4 or more, and that is strictly my opinion, not fact.

I hope this help you. Please post your experiences since it might be different for other people.

[MidnightVoice]

ilovepizza wrote:

How many card should a person own.

According to H2G2 and our chief Moderator, the answer is:

42

[Anonymous]

I didn't want to edit my post. Help you should have been Helps you.

[Anonymous]

i am hoping my 42 new cards come soon....

[Tuscani]

I typoed.. It's actually 442.

Message Edited by Tuscani on 06-22-2007 02:04 PM

[MidnightVoice]

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Tuscani wrote:

I typoed.. It's actually 442.

Message Edited by Tuscani on 06-22-2007 02:04 PM

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I asked Douglas Adams and he disagrees 

[Boswd]

I say three credit cards is plenty.   

[fused]

There does not seem to be a consensus at this forum on this subject.  Some say 3, 5, 8, 10 or more than 20.  IMO, it's what works for you.  I have five and personally do not want to be juggling any more.  We all know that it's important to be responsible with them and for max points follow the 1-9% util.

[Tuscani]

fused111 wrote:

There does not seem to be a consensus at this forum on this subject.  Some say 3, 5, 8, 10 or more than 20.  IMO, it's what works for you.  I have five and personally do not want to be juggling any more.  We all know that it's important to be responsible with them and for max points follow the 1-9% util.

EXACTLY.

[Anonymous]

Ilovepizza...I am going to test your theory. Last month I had five cards with balances. This month after my balances report, I will have one card reporting a balance. Looking forward to some results. Should report two early next week and the other two at the end of the week.