"Too much of a good thing can be wonderful," said film star Mae West. But what about too much credit? Is having a lot of credit a wonderful thing as well?
When most people think about having too much credit, they are thinking of one of three things:
- Too much debt
- Too many accounts
- Too much available credit
There are a couple of different ways to look at each of those items. The first, of course, is how that factor will be considered when a credit score is...