# car loan/insurance question

**URL:** <https://forums.speedlife.net/t/car-loan-insurance-question/33546>\
**Category:** NYSpeed Off Topic\
**Created:** [August 7, 2007, 9:22am UTC](https://forums.speedlife.net/t/car-loan-insurance-question/33546 "2007-08-07T09:22:36Z")\
**Posts on this page:** 1\
**Showing post:** 34

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**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\
**Post date:** [August 8, 2007, 12:29pm UTC](https://forums.speedlife.net/t/car-loan-insurance-question/33546/34 "2007-08-08T12:29:45Z")

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[quote=“Nikuk,post:30,topic:33546"”]

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Contrary to Jrods comments, having TOO MUCH availble LOC on your reports can ALSO HURT YOU depending on your financial situation.

[/quote]

I don’t necessarily agree with this. I’m interested in hearing you elaborate on it.

[quote=“Nikuk,post:30,topic:33546"”]

But, yes, you damaged yourself with all of the store cards. By constantly opening new LOCs and then canceling them You are lowering your avg. age of account, which plays a large factor. Also, you have yet to establish any kind of credit use, or payment history judging by that.

[/quote]

^true

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