If you disagree about the idea of
closing unused credit lines, you can add your thoughts to the comments on last week's post, or join us for discussion about tiered and high spend bonuses in the comments below.
In spite of the fact that GMAC still has billions
of unused credit lines and unencumbered assets, both GMAC and ResCap have faced ratings downgrades four times in recent months as the price of protection has soared.
Finally, BlueVine customers who open an account need not worry about any account maintenance, origination or
unused credit line fees.
While it makes sense to close
unused credit lines if you don't want to be tempted by them because of a history of overspending, wait to do so until after you get a mortgage.
Finally, BlueVine customers who open an account need not worry about any account maintenance, origination or
unused credit line fees.
A HELOC loan with
an unused credit line can be a good alternative to keeping a lot of cash in a bank account for a financial emergency.
Do not close old,
unused credit lines.
I'll take any extra credit I can get from Citi, as I'll be applying for another Citi Card sometime this year, and could do a carve out of
the unused credit line or close an account to open the new card.
Having more overall credit is certainly a positive for your... [Read more...] about Close
That Unused Credit Line!
It was a quiet week for comments on last week's post about closing unused credit cards (see «Close
That Unused Credit Line!
A borrower in anticipation of death, however, can draw the full amount of
any unused credit line, including the line obtained from conversion of monthly payments, which then becomes accessible to the NBS.