[Political Junkie Too]

My guess is too many credit cards. He might be over-extended. Either a few cards maxed out or too many cards with the total credit limit too high. Those factors will degrade a credit rating.

-PJ

[JediJones]

My credit score never seems to be affected as they increase my credit limits, although I’ve heard that can be a factor.

What does immediately lower the score is if I charge a couple thousand more in a month than normal. Even though I pay the bill in full every month, the credit score sees that my debt has gone up when it takes its snapshot, and lowers my score in accordance. So it seems like having a large income may not help your score as much as having a high debt hurts it.

This is why they say you should pay off and stop using your credit cards a couple months before you apply for a loan. Get that debt snapshot down and it helps your score.