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Question by friendly_apostle: How many open lines of credit is to many before it affects your credit?
Just read somewhere that if you have too many lines of credit open it could lower your credit score- Im including all credit cards, loans, mortgages, anything like that as a line of credit. How many can you have before you cant get anymore & it starts to lower your score.

Best answer:

Answer by dougls_99
It’s not the number of accounts you have; it’s how long they’ve been open, how much of your available credit you use from month to month (you shouldn’t exceed 30% on any one revolving credit card,) and your payment history that affect your score.

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