Maxine Sweet Accounts Quotations

We no longer advise consumers to close unused accounts, as these accounts raise the cumulative credit limit.

Creditors normally report updates to their accounts only once a month, so a consumer can't pay down the balance and expect it to be reflected on the report the next day.

If you notice anything questionable, such as accounts you don't recognize, or payment disputes, deal with those issues before applying for a home equity loan. It can also be helpful to have your credit score which will tell you specifically the factors in your credit history that could be considered risky by lenders.