Credit and Credit Scores: A short lesson

[James Boston]

[ QUOTE ]
James,

I think you are wrong. The specific point I disagree on is that I think a low ratio of used credit to available credit is a good thing. So leave all the CC's open because they lower the ratio, and all things being equal, a lower ratio is better than a higher one.

[/ QUOTE ]

Huh? I agree that a lower ratio is better. If "X" = available credit, and "Y" = credit outstanding, then we could express the ratio as X:Y. The more lines of credit you have open, the more "X" increases. If "Y" remains constant, you're ratio gets higher by opening more lines of credit (increasing "X").

Am I misunderstanding you?