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March 08, 2007


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Quick thought: "30 points below the national average" ..that's a bit *not-specific* statement. Score may vary by +/-30 points from one credit agency to another, for the same individual.

That apart,'s a bit of concern when people start using 50% of available credit. That will certainly going to put a big ding on the scores.

Btw, *I* have 9 cards and *We* have 18 cards. :) they were gathered for various reasons and I won't go into it here. But, we still managed 750+ credit scores. That was till got into some 0% credit card arbitrage thing. After the arbitrage, the scores have dropped down, but they are still above 700. I guess, it's more an issue of how people use them rather than how many cards they have.

Sorry about the bad English. There are like a million typos in my earlier comment. It's time for some strong coffee.

I have difficulty imagining why anyone who isn't doing balance-transfer arbitrage would have any use for more than 4 or 5 credit cards, no matter how much credit they have. I mean, if they're keeping some old accounts nominally open but inactive for credit-score reasons, that's also another matter...but if they're packing their wallet with 10 cards and actually using them all, I have to wonder why.

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