FlyerTalk Forums - View Single Post - Having more accounts equal better credit?
Old Jul 31, 2013 | 7:37 pm
  #3  
mnscout
20 Years on Site
 
Join Date: Dec 2003
Location: Brooklyn, NY, United States
Programs: AA, BA, UA, Spirit, Delta, PC Plat, SPG Gold, HHonors Diamond, Club Carlson Gold, Marriott Gold
Posts: 1,735
Originally Posted by PainCorp
My serious answer:
As long as you stay current and don't fall behind.

My sarcastic answer:
Since when don't banks love seeing massive amounts of debt on your credit report?
Both are solid answers!

FMB, in general banks love to see a healthy combination of loans and revolving accounts. In your particular case (a student) I don't know if having 6 loans instead of 5 does anything to improve your credit rating.
mnscout is offline