Gone with the Rant

[SAT 9,609]

I did not know that cancelling credit cards could affect credit ratings -- pain in the a s s

You ill bred uninformed fooktress.....

It doesn't.

But it does because your total credit line is lower now.

So let's say you had 2 cards, each has 10 k limit.(20k total). You had a 1000 dollar balance. Your debt to credit ratio was 5%.

You cancel one. Now your revolving credit limit is now 10k. If you still owe 1k, your debt to credit ratio is now 10%.

That, is what lowers your score. Not because you cancelled a card.

(Duh)

[SAT 9,609]

I shoulda posted a warning in regards to the above post.

"Warning, the following post contains mathematical equations incomprehensible and inappropriate to Tarklar, viewer discretion is advised"

[Merrytooth 5,748]

You ill bred uninformed fooktress.....

It doesn't.

But it does because your total credit line is lower now.

So let's say you had 2 cards, each has 10 k limit.(20k total). You had a 1000 dollar balance. Your debt to credit ratio was 5%.

You cancel one. Now your revolving credit limit is now 10k. If you still owe 1k, your debt to credit ratio is now 10%.

That, is what lowers your score. Not because you cancelled a card.

(Duh)

So I should do this:

To close card accounts without impacting one's credit score, you need to have zero balances on your credit report for all of your active credit cards. That's because if you have zero balances, your credit utilization rate is therefore zero, and you can't raise it -- and potentially hurt your score -- by closing one or more of the active card accounts.

[TBoneTX 45,572]

And if everyone used a squat toilet, you'd be flippin' burgers for a living.....

On the basis of pent-up orders for POTSs this morn, to your outlandish conjecture, ha man.

[N-o-l-a 7,168]

So I should do this:

To close card accounts without impacting one's credit score, you need to have zero balances on your credit report for all of your active credit cards. That's because if you have zero balances, your credit utilization rate is therefore zero, and you can't raise it -- and potentially hurt your score -- by closing one or more of the active card accounts.

I wonder though if your number of accounts in good standing matters too?

I just keep mine open, even if I'm not using them. My score has gone from like 640 4 years ago to 806 a month ago.

That would explain the ridiculously high increases I keep getting on my credit cards that need to stop like yesterday. It is ###### insanity.

Edited March 2, 2015 by N-o-l-a

[TBoneTX 45,572]

shakuhachi

Gesundheit, wishes for a speedy recovery, and English-only outside the regional fora, see ma'am.

flautists and cellists were always the butt of jokes

Cool to flout the flautists and the single-cello'd beings, si ma'am.

And butts are no joke, no ma'am -- they sit on pre-owned toilet seats, or need to, si ma'am!

Your roots are showing, darling.

A Steinway, or nothing.

Sounds like a gringa talking, $i man...

[TBoneTX 45,572]

A former employee walked in, I hated her. So she visits for like a half hour.

Didn't you evict her for trespassing, macho huh man?

Well, this explains a lot, sucks to be an ENTP.

On the bright side, you can have a Myers-Briggs & Stratton engine in your lawnmower, si ma'am.*

*Presuming that spring or summer ever comes to Minn., that is man.

[TBoneTX 45,572]

So let's say you had 2 cards, each has Many k limit.(Many k total). You had a Many-dollar balance. Your debt to credit ratio was Many%. You cancel one. Now your revolving credit limit is now Many k. If you still owe 1k, your debt to credit ratio is now Many%.

(Duh)

Incomprehensible numbers comprehensibilized, duh man.

[SAT 9,609]

So I should do this:

To close card accounts without impacting one's credit score, you need to have zero balances on your credit report for all of your active credit cards. That's because if you have zero balances, your credit utilization rate is therefore zero, and you can't raise it -- and potentially hurt your score -- by closing one or more of the active card accounts.

You = brains......

[N-o-l-a 7,168]

Didn't you evict her for trespassing, macho huh man?

On the bright side, you can have a Myers-Briggs & Stratton engine in your lawnmower, si ma'am.*

*Presuming that spring or summer ever comes to Minn., that is man.

There is the 6 months of winter, the 1-2 months of flood and 1-2 months of fall. So yea, like 2-4 months of mowing weather?

[SAT 9,609]

I wonder though if your number of accounts in good standing matters too?

I just keep mine open, even if I'm not using them. My score has gone from like 640 4 years ago to 806 a month ago.

That would explain the ridiculously high increases I keep getting on my credit cards that need to stop like yesterday. It is ###### insanity.

1- you = Einstein

2- can you email me your SSN, and your mother's maiden name? ( I already know your birthday)

3- I take back #1 on account of you having no brains. You can call them up and tell them to lower it.

I keep a capital 1 credit card for "micro charging" with a thousand dollar limit on it.

[TBoneTX 45,572]

Half-Monday half-report, half-see man:

Took Heap Strong Medicine before bed, zzz man.

Slept like rock, zzz man.

Awoke in almost no pain, whee man.

Bed contained following, stage left-to-right: Mini-B., Mrs. T-B., we, and cat, wee and she and we and miu man.

Cat purring like motorboat, miu man.

Cat then moved half-a-circle (Many degrees) and lashed our face with muscular tail, miu man.

Everyone awoke in good mood, whee man.

Light traffic on inward commute and no coproaches, no tickets man.

Not raining, surprise man.

Pent-up demand for pre-owned toilet seats, $i man.

[SAT 9,609]

Actually I just use my Google wallet on my phone for that now.

(Nfc, Google NXPI, good stock).

[SAT 9,609]

There is the 6 months of winter, the 1-2 months of flood and 1-2 months of fall. So yea, like 2-4 months of mowing weather?

There's 17 months in a year in Minnesota?

[TBoneTX 45,572]

There is the Many months of winter, the 1-2 months of flood and 1-2 months of fall. So yea, like 2-Many months of mowing weather?

Well, if it's Many months of mowing, it's worth it, si ma'am.

However: Many months of winter? Minnesota = paradise, sigh ma'am.

And didn't know that Minnesota had Many (2x2x2x2+1) months in a year, no ma'am.

2- can you email me your SSN, and your mother's maiden name? ( I already know your birthday)

Many- I take back #1 on account of you having no brains.

2. I know her SSN, see man: ManyManyMany-ManyMany-ManyManyManyMany (or similar).

Many. When she's beautiful, she doesn't have to have brains, see man.

Edited March 2, 2015 by TBoneTX