Does margin counts against credit score?
I'm flagged pattern day trader with a little over 25k in my account with
Interactive Brokers.
Since my account is a margin account, I am allowed a X 4 margin, which gives
me around 110 000$ buying power.
Does this margin contributes to my credit score rating? Normally, a untapped
source of credit helps to slowly raise your score.
Might be the wrong NG, but maybe someone here can tell me...
-My "guess" is "No". You said it yourself, "DAY" trader, which is
somebody who ends every day without any balance owed. Would I
hold it against you that you're gambling using "other people's
money"? You betcha. Used to do some day trading myself m