Is having three credit cards bad?

I have bad credit and two only have $300 dollar limit. I pay them off every month. I got an offer with better terms and a $750 dollar limit. I got my head out of my butt and am paying my bills on time and have a car loan, finally! The reason I ask is this would help to keep collectors off my back buy using this to pay off the few doctor bills from years ago when i had no insurance. I could make hundred dollar payments on this and pay off the others every month. Is this a good Idea? I AM a lot more responsible now and hate getting a call every day from collectors even though i pay when I say. I want good credit but don%26#039;t want to screw it up again.

Is having three credit cards bad?credit report

In my experience there are two types of Bad Credit Credit Cards. One is a secured card, and the other has a much higher rate of interest. Both can be used to rebuild your credit worthiness after getting back on your feet. Secured credit cards are great for rebuilding your credit. You send the credit card company a pre deposit amount set by the company%26lt;!--This amount will be equal to your credit limit. Pay over your minimum every month and send your payment in before the due date and you will build your credit up gradually. Never miss a payment, be late on a payment, or go over your credit limit even by a small amount.

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You don%26#039;t want the company to ever have to take from your pre deposit amount because they want you to handle your account just like you would an unsecured card. A great thing about this pre deposit amount that you send in is it can act as a savings account even earning a little--%26gt;bit of interest for you. After establishing yourself with the credit card company, they may decide to give you a unsecured credit card or increase the limit on the one you have with them without having to make another deposit. Secured credit cards are a good choice for anyone wishing to rebuild their credit history.

Is having three credit cards bad?

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I think it is okay to have 1-2 credit cards with smaller credit limit and 1 card with larger credit limit. As long as you pay your bills on time there is no problem having 3 credit cards.