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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: How does bouncing around look? Date:  3/10/1998  9:33 PM
Author:  AJE Number:  865 of 309666

>>I was just wondering, how do creditors who give big loans (ie mortgages) look at credit reports of
people who have say 12 credit cards opened and say 9 closed in the last 3 years. <<

It should not matter at all for a home mortgage. I was wondering the same thing when I started looking for a home. I had multiple major CC's and a handful of minor ones plus a substantial line of credit. These were all open accounts ( I also had a