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Question by Simpson C: How does an unused credit card report on your credit report?
If I have a credit card that I do not use, how does this account reflect on my credit report? Does it show an open account in good standing?
Best answer:
Answer by Colorado Papa
It shows on your credit report as X number of dollars credit allowed, zero for maximum use and zero for outstanding balance. But it does add to your credit score just because someone issued it to you.
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A Higher Hurdle for Credit
To give lenders more visibility into credit risk before they dole out unsecured loans, Fair Isaac and financial data provider CoreLogic are launching a new measure of creditworthiness dubbed the CoreScore Credit Report. Beyond the traditional factors, …
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