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Thread: CC chasing and mortgage approval
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Old Jul 1, 2011, 6:30 pm
  #12  
TTBHG
 
Join Date: Dec 2010
Location: PBI
Programs: DL FO
Posts: 388
Originally Posted by justinc848
Everything quoted here is completely false.

Cancelling cards may lower your score if it increases overall utilization. Decreasing limits may lower your score for the same reason.

Available credit is NOT debt and therefore is NOT included in one's DTI ratio.
I agree. Nothing in that post was remotely accurate. Creditboards or myfico should really be read by folks who do not understand credit scoring. Especially those trying to offer advice.
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