SD <siddharthgdalal[at]coldmail.com> wrote:

- quote -

This is probably having a negative effect on your score. Any usage
above 50% on any given card counts as a negative depending on the
scoring model used (there are many types of credit scores). Sign up
for a FICO score/report and simulator and try it out (it'll list what
factors hurt you, what help you).

--Ram

John A. Weeks III wrote:
- quote -

Thanks for the information John. I have around 6 regular cards (VISA,
MC, Discover, Amex) and 2-3 store credit cards. Two of the regular cards
are 0APR and represent about a quarter of my credit limit. Both of these
are maxed out to take as much advantage as possible of the 0APR. I
always make atleast minimum payments on time and have never been late.
The only other loan I have is my car loan. I am asking about this
because I just got denied a credit limit increase on one of my cards
(This ones for everyday use - I wanted to make a big purchase and it has
of the better rewards programs) because of 'excessive debt on other
credit cards'.


======================================= MODERATOR'S COMMENT:
Please trim the post to which you respond.

In article <cfanhb$p36$1[at]murdoch.acc.Virginia.EDU> , SD
<siddharthgdalal[at]COLDmail.com> wrote:

- quote -

As long as the number of cards is not excessive, you are current
with all of them, your debt is not unreasonable given your income,
and you are not maxing any of them out (or maxing out your total
credit limit), then this practice probably actually helps your
credit score. The FICO score rewards people who have a resonable
level of credit, and use it often and in a responsible manner.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

Hi All,

I have had a bunch of 0APR cards over the period of the last two years
with atleast $10000 in debt on them. I keep the money that I would
normally pay them with in a savings account to earn interest. I want to
know if there can be any ill effects of this on obtaining future loans
etc.. My 0APR period expires in Dec. and I would like to know if I
should continue this practice (apply to more credit cards with 0APR) to
make interest money or just pay them off.

TIA
SD