Does it reflect negatively on your credit rating if you have open lines of credit?

In this instance, there would be nothing past due or anything like that. I am just worried about having too many loans and credit cards out even though I can pay on them all and having that affect my ability to take out a home loan in the next five years.

Does it reflect negatively on your credit rating if you have open lines of credit?
As long as nothing is past due. Make sure your credit card balances stay under 10 percent of the credit limit. Example: a thousand dollars credit limit should never have over a hundred dollar running balance. They like to see it being used. It shows you can manage your money and that looks good and it up's your BEACON score. Some companies if you run a 0.00 balance for 3 or 6 months they will close out the account for non use; so watch for that. That would suck if you went to use your card and the account was closed
Reply:THIS WILL DEPEND ON THE AMOUNT THAT YOU OWE ( % ), IF YOU HAVE A OPEN CREDIT LINE LET'S SAY OF $10,000 AND YOU HAVE ONLY USED $750.00 AND YOU HAVE ALWAYS MADE YOUR REQUIRED PAYMENTS ON TIME AND HAVE NEVER HAD ANY PROBLEMS WITH ANY OTHER ACCOUNT THAT YOU MAY HAVE ,, YOU SHOULDN'T HAVE ANY PROBLEMS OR HAVE ANY NEG AT ALL,AS LONG AS YOU ARE WITHIN YOUR DEBT TO INCOME RATIO...


IF YOUR INTERESTED IN PUTTING THAT MONEY TO WORK FOR AN INCOME THEN WE SHOULD TALK,,,
Reply:No, it won't affect your credit. In fact, closing your accounts will reduce your credit score negatively, because you'll be losing "available" money. As long as you have "available" money, you are good! Keep your balances at zero, and make sure your debt ratio is very low. Also, monitor your credit report regularly. By having a lot of cards, you increase your risk of identity theft.
Reply:I dont think so - if nothing is overdue and youre paying on them. I have heard you could get reported badly on your report if you have credit but dont use it.