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Why You Shouldn't Always Close Paid-Off Accounts
Manage episode 204881306 series 1280679
Alfie McFadden에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Alfie McFadden 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Is it a good idea to close lines of credit once they’ve been paid off? Let’s take a look at the answer to this question today.
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Recently I was asked an interesting question: Should lines of credit be closed once they’re paid off?
In general, no. If you’re searching for a home, this is especially important. One of the main ways lenders will judge your status will be by looking at your credit ratio.
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For example, if you’ve got a debt of $2,500 on an account with a $5,000 credit limit, your ratio is 50%. Even if you were to pay this amount off, the $5,000 credit would still be recorded so long as the account remained open. This will make your ratio look better than if you were to close down the account. One of the main ways lenders will judge your status will be by looking at your credit ratio.
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If you have any other questions or would like more information about this topic or about building wealth through real estate in general, feel free to give me a call or send me an email. I look forward to hearing from you soon.
22 에피소드
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