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

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.

Consumers who are thinking of opening one of these no-limit credit cards may want to think how deeply their scores will be affected.

The sky is no longer the limit.

We also delete inquiries from other employers so if you're shopping around for a job, they wouldn't be able to see that.

Typically, people who manage finances well manage their lives well and are less stressed, likely to be more honest and more in control of their workday and their home life. A credit report is not only reflective of your financial position but your character.