MBNA just approved me for a 25k unsecured consolidation loan. The instant it hit my report, my equifax score jumped 37 points. They approved me when I couldn't qualify for a home equity loan to save my life. AND, the rep took time to call me and waive a $40 fee. THEY called to save me money! I am thrilled, and impressed. Interested in the future effect on my scores.
My new question is, what will happen when the line of credit is maxed, but all 10 of my family's accounts show a zero balance. Does the distribution of credit across accounts matter?
