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Originally Posted by Dead
Good advice, i too, am in a learning curve. going to open up some cards in the morning to establish "credit" How fucked is that? So a man, self made with no ties to the bind is judged poorly?
Again, I run at least 5 digits thru AMEX with never missing a payment, but because they never Allowed me to do such business= credit risk?
Newb here trying to get another house loan is all, thanks for all that have been down this road with advice!
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Just be careful with too many credit cards in the pursuit of building credit history. Often they'll look at your 'available credit' - even if you're carrying no balance on the card - and consider the 'available credit' as a liability. They'll think, "Hmm...he has $60k available on his various cards - and if he maxes those out...we might not get our money."
It's a tightrope walk sometimes.
Best of luck with it all. I was fortunate my father-in-law was an accountant and offered good steerage advice...and I worked for awhile with CapitalOne which taught me a little about banking/credit/financial insider knowledge.