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Updated over 5 years ago on .

User Stats

108
Posts
33
Votes
Chris M.
  • Portland, OR
33
Votes |
108
Posts

More business lines of credit always better? Any negative impact?

Chris M.
  • Portland, OR
Posted

Hey guys, I had a question about business lines of credit: is there any negative impact, perhaps on the business credit score, by opening many lines of business credit? To me it seems like a good idea to have many lines of credit for financial flexibility as long as you stay on top of paying them down on time. Basically my question is: is more business lines of credit always better assuming the terms are decent and you're responsible with the credit?