Now, I can’t take credit for this one, but there are a few points of interest on credit scores that I like in the Karma crediticio info-graphic below.
First, don’t believe that having “too many accounts” and “too much credit” is a bad thing. Take a look at the highest score bracket and notice that those in it have more credit cards, more open accounts, and more total debt. What they also have (and most important to notice) is LESS LATE PAYMENTS.
Also, notice that the proportional ratio of credit available vs. credit used at the top brackets is way, way lower than that of the lower scores. In a nutshell? More accounts with lower balances and on time payments is the key to an awesome credit score…
