If you take out on your credit card all the availa
Date: Wed, 03/23/2011 - 20:38
If you take out on your credit card all the available cash they offer you on a cash advance say the whole 1600 but been paying your credit purchases on time every monthwill taking all the cash out effect your credit score cause you didnt just spend half of the sixteen hundred?
I just wanted to acknowledge your post, please keep checking bac
I just wanted to acknowledge your post, please keep checking back for replies.
If you take out all the available cash from your credit card, it
If you take out all the available cash from your credit card, it will affect your debt to credit ratio but I don't think it will have a negative impact on your scores.
Once you have taken out all the cash from your credit card, your
Once you have taken out all the cash from your credit card, your credit utlization ratio becomes 100%. Credit utilization ratio constitutes around 30% of your credit score. The higher your credit utilization ratio, the greater is the impact (negative) on your credit score. But this impact will not be forever. Once you raise your credit limit, your credit utilization ratio will get reduced and your score will slowly increase.
