Reply
 
Thread Tools Search this Thread Display Modes
LOC and credit rating question
Old 03-05-2007, 07:39 AM   #1
Recycles dryer sheets
 
Join Date: Dec 2006
Posts: 300
I have a LOC with a 0 bal that I would like to close so that I can open a new LOC with a different firm. I will get a better rate and a few extra perks. Will this have an adverse effect on my credit rating?

Also, if I take the larger LOC, 100k instead of 50k, I will get another half point reduction in rate. The are no costs to me to open this new line. Should I do it? I don't plan on tapping it in the foreseeable future.

Thanks.
JD

JohnDoe is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump


Other Social Knowledge forum communities:
Cooking Forum - Sailing Forum - Early Retirement - Airstream Trailer - Aquarium Forum - Royal Forum - Book Forum - Volkswagen Touareg Forum - Jeep Wrangler Forum - Whitewater Kayaking & Rafting Forum - Fiberglass RV Forum - RV Forum - Truck Conversion - U2 Music Forum
Investing Channel
All times are GMT -6. The time now is 10:01 PM.
Powered by vBadvanced CMPS v3.0.1
Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0