Originally Posted by
QL_714
I am talking about a negative effect on your credit score.
If all you care about is your credit score, you're missing more than half the picture.
Originally Posted by
QL_714
It will not have a NEGATIVE effect on your score.
You seem pretty sure of yourself, yet you provide nothing to back it up. Do you have
proof of this statement? Since
nobody outside the credit bureaus knows how credit scores are calculated,
nobody on this forum can make such statements.
Originally Posted by
benny248
However, having the ability to be $300,000 in debt, but yet having only a few thousand dollars in balances reported, shows a good deal of restraint and responsibility.
And that's why credit is such a confusing subject. The same data can be used for opposite effect by different people.