Comments on: If I combine 2 credit cards, will it hurt my credit score? http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score Tools and information about Credit, Loans, and Debt Tue, 03 Aug 2010 00:07:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Vins http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score/comment-page-1#comment-1452 Vins Sun, 17 Jan 2010 23:53:59 +0000 http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score#comment-1452 You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.com<br><b>References : </b><br> You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – buildcredit.ifastnet.com
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]]> By: Dixie Darlin' http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score/comment-page-1#comment-1451 Dixie Darlin' Sun, 17 Jan 2010 23:15:59 +0000 http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score#comment-1451 Yes it can hurt your credit score if the card being closed is your oldest account. Also unless you get the credit limit increase it will affect your available credit to debt ratio. Your credit will also take another hit when you apply for the new line of credit, with the different credit card.<br><b>References : </b><br> Yes it can hurt your credit score if the card being closed is your oldest account. Also unless you get the credit limit increase it will affect your available credit to debt ratio.

Your credit will also take another hit when you apply for the new line of credit, with the different credit card.
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]]> By: I gotz that wicked clown love http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score/comment-page-1#comment-1450 I gotz that wicked clown love Sun, 17 Jan 2010 22:38:59 +0000 http://www.topcreditresources.com/credit-cards/if-i-combine-2-credit-cards-will-it-hurt-my-credit-score#comment-1450 it will hurt it because right now you have $1700 of credit. if you combine them your credit drops to $1200 (or $500) and your amount of available will be less, making your debt to credit ratio higher. the more open lines of credit you have, the better, if you keep it under 30% debt to 70% credit. but this is only for established accounts. opening a lot of new cards at once will hurt your score until they mature.<br><b>References : </b><br> it will hurt it because right now you have $1700 of credit. if you combine them your credit drops to $1200 (or $500) and your amount of available will be less, making your debt to credit ratio higher.

the more open lines of credit you have, the better, if you keep it under 30% debt to 70% credit. but this is only for established accounts. opening a lot of new cards at once will hurt your score until they mature.
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