[mythtv-users] Alternatives to Supporting schedulesdirect.org
Braindead at diablops.com
Wed Aug 8 16:30:03 UTC 2007
On Wed, 8 Aug 2007 09:11:47 -0700
David Brodbeck <gull at gull.us> 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.
A lot depends on your income. CC debt is unsecured, and any credit you have on a CC that you haven't used is a risk that you could go out and use it. If you have more potential unsecured debt than your income justifies it will negatively effect your rating.
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