Hi all,

I was hoping to harness the collective wisdom of this subreddit in understanding the implications or different number of open/closed credit lines and also considering this relationship to ones revolving credit balance.

Now I want to understand, hypothetically if I was issuing a loan to someone on a p2p basis and was evaluating their credit worthiness:

1) Say they have 20 total credit lines of which 10 are currently open. Would a smart way to evaluate this be to consider how long they've have a credit score? (since over time one opens and closes accounts)

2) If in reviewing their revolving credit balance, I feel a good way to evaluate their credit worthiness could be to consider it in regard to their monthly gross income or monthly net income, with the logic being that say for whatever reason they are required to pay down all their debt then if their revolving credit balance is greater than their monthly net income already then the probability of me getting my loan and interest payments are going to be fairly low.

an add on point to this: What if we divide the monthly revolving credit balance by number of open credit lines? Because people can keep opening credit lines to prevent paying off their dues so a higher value may indicate that this is not a practice that this borrower indulges in, boosting their credit worthiness.

Any/all thoughts are welcome!