Sprint Reveals XOHM Brand, Launch Details for WiMAX Service
Top message: Exciting times. by snang
Replying to: Re: Exciting times. Very Important for Sprint's future. by Jayshmay
Re: Exciting times. Very Important for Sprint's future.
So try to negotiate with the banks to see if they can lower your APR on those balances. What can be the worst that they can say? No? ok not a big deal. Look at other companies who have those promotional rates. Perhaps they are offering some fixed low rate or promotional rate that lasts a year or what not. You never know what you will find.
Even 3 months is still some history so you shouldn’t cancel either or. If you had let’s say a few years of not using the card and you didn’t make any payment or spending then maybe you should cancel that card. The problem is, if you cancel that card (that you didn’t charge or pay anything), you will lose that credit limit (or no limit if it’s on there) which will decrease your credit score because the formula they look at a lot is the one I mentioned which is the total balance on the cards to the total credit limit.
Could be true with regarding to the more credit available you have the more risk you could be for the bank, but the credit score will also go up do to that formula. It could show to the banks that you are good at budgeting with spending and income and it also could show that you are just having those credit cards with no balances on them just in case anything happens either positively or negatively to that consumer. The potential yes, but if you don’t have any balances on them then it doesn’t matter. As soon as the ratio goes up on that formula the numbers on your credit score will decline rapidly.
Even 3 months is still some history so you shouldn’t cancel either or. If you had let’s say a few years of not using the card and you didn’t make any payment or spending then maybe you should cancel that card. The problem is, if you cancel that card (that you didn’t charge or pay anything), you will lose that credit limit (or no limit if it’s on there) which will decrease your credit score because the formula they look at a lot is the one I mentioned which is the total balance on the cards to the total credit limit.
Could be true with regarding to the more credit available you have the more risk you could be for the bank, but the credit score will also go up do to that formula. It could show to the banks that you are good at budgeting with spending and income and it also could show that you are just having those credit cards with no balances on them just in case anything happens either positively or negatively to that consumer. The potential yes, but if you don’t have any balances on them then it doesn’t matter. As soon as the ratio goes up on that formula the numbers on your credit score will decline rapidly.
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