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If your FICO score is 581 and you have 2 credit cards both almost maxed but you have no late payments no collections and low credit hits why is your score so low?

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2006-02-18 22:25:35
2006-02-18 22:25:35

Not only is your overall score based upon payment history which is very important, it is also based upon the credit to debt ration, "maxing out" an account has an extremely negative affect on the basic credit rating.

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Yes if you are booking them online or by call they do accept payments by credit cards.

As far as credit cards/credit accounts, you will not have to make any payments and no interest will be added till said date.

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Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.

mimimum payment = maximum years of owning. It results in the highest possible interest payments, in some cases it can almost double your debt!

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probably not, because your consider high risk to the merchant/lender. you probably have some high balances, slow payments and too many active credit cards or/and new credit cards


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