[mythtv-users] Alternatives to Supporting schedulesdirect.org
R. G. Newbury
newbury at mandamus.org
Fri Aug 10 15:34:32 UTC 2007
David Brodbeck wrote:
> On Aug 8, 2007, at 7:59 AM, Brett Kosinski wrote:
>> Meanwhile, I'd just as soon never have a CC with a $15K limit. Who
>> wants a 15K loan at ~18% (or more) interest?
> This is getting OT, but I'll tell you why you might want a card with
> a $15K limit: Your credit score.
> A big part of your credit score is the ratio between your available
> credit and the amount of credit you're using. The theory is if you
> max out your cards, that shows irresponsibility; but if you use only
> a small portion of the credit available to you, that shows you're a
> responsible borrower.
> I once had a Firestone credit card with a $500 limit. I had some
> front end work done on my car and paid with the card, running up
> about $450 in charges. This seemed like a great deal because it was
> zero interest for six months; but it really dinged my credit score
> for a while, because I'd maxed out that card.
Waaaay OT, but the fact that you max'ed the card is not the dinger on
your credit score. It's whether you *carried* that max for any period.
If your history showed that balance for the six months, then *that*
If you paid off the charge ASAP, then it shows that you can handle large
amounts responsibly too.
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