Wednesday, June 27, 2012

Can You Have Too Much Credit?

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Mae WestBy Gerri Detweiler

"Too much of a good thing can be wonderful," said film star Mae West. But what about too much credit? Is having a lot of credit a wonderful thing as well?

When most people think about having too much credit, they are thinking of one of three things:

  1. Too much debt
  2. Too many accounts
  3. Too much available credit

There are a couple of different ways to look at each of those items. The first, of course, is how that factor will be considered when a credit score is...

Can You Have Too Much Credit? originally appeared on DailyFinance.com on 2012-06-26T16:20:00Z.

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