Originally Posted by
Yuengling
The number of credit card applications (10) was listed as a negative factor, but my score was still > 775.
Your losing maybe 20 to 25 points max in my experience from thos inqs. I dropped 8 at once and my Fico moved from 763 to 788. But then again, banks have their own extrapolated score systems too.
Originally Posted by
jmw2323
so if you make say 100k/yr and have numerous cc with a total credit line of 200k, this is a good thing? mortgage company will think low risk?
having too much available repective of income amount is not good either. I'm not sure where to red line starts but I would suspect having twice as much available to you than you make is borderline risk.