Credit Repair Information » Best Score http://credit-repair--information.com Tips and Info about How to Repair Your Credit Sun, 24 Jan 2010 01:25:16 +0000 en hourly 1 http://wordpress.org/?v=3.0 Reducing my credit card limits after consolidation? http://credit-repair--information.com/credit-card-consolidation/reducing-my-credit-card-limits-after-consolidation/ http://credit-repair--information.com/credit-card-consolidation/reducing-my-credit-card-limits-after-consolidation/#comments Thu, 10 Dec 2009 03:50:21 +0000 http://credit-repair--information.com/credit-card-consolidation/reducing-my-credit-card-limits-after-consolidation/ credit card consolidation
american_bulldog25 asked:


I just took out a loan for $10,000 in which $5000 paid of credit cards and I used another $2500, so a total of $7500 with all credit cards paid off. now I was thinking of reducing all my credit cards to $100 limit so all I’d have mainly is the $7500 I owe on the loan. Question is….Is this a good idea? If I kept the credit cards with the high limits would this show high risk along with a 10,000 loan? I’m working on refiancing next summer because I have a A.R.M mortgage and I wanna have the best score possibly by then..

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