Waine
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hi there! just take your time and go through this lot, you are bound to find what helps you out!
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me, hope it helped you. |
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deepadot
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Paying off your credit cards every month won't increase your credit score. I would still pay them off to avoid interest charges. As long as you make on-time payments your credit score will stay good standing. |
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hermes862
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Paying off your credit card debt will help you improve your score but more importantly it will help you remain financially solvent. Finance fees are just a complete waste of money. If improving your score is the goal, paying off debt and keeping long term revolving debt (credit cards) is your best bet. Don't cancel a credit card that you have had for a long time. Just don't use it. Having the history is extremely beneficial to your score. |
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Carolmerel
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Yes - by charging things on the credit card and then paying it off - its a great way to increase your credit score. That is the advice they give to people who are trying to rebuild their credit after bankruptcy. Its a surefire way to up those numbers (just so long as you keep paying it off and dont let any balance sit on the card) |
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BShakey
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It isn't needed to improve your score. If you are paying on time and don't have huge credit avaialbility on several cards to where your debt/income ratios are not screwed up, you are fine so long as you are paying. |
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gum s
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yes...pay your bills on time |
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Bad Kitty!
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The credit score is partially based on the debt to credit ratio, which is calculated by debt used divided by available credit. The lower your debt to credit ratio, the better your FICO score will be. Paying off your credit cards every month will keep your credit score high. But don't close any credit cards! If you close an account, the history for that card is gone, even if it is a good history. It also reduces your available credit and increases the debt ratio. |
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Drew E
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It depends on the balances. If you have a credit card balance that is over 50% of the credit limit pay it down to at least 50%. Fico will consider your debt to high. Paying the balance in full will save you the finance charge. If you can afford it it's a great way to save money. |
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DSPARKLE
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Well that's a yes and no yes its good to pay it off but they look at how you make your monthly payments every month and that's what makes your credit score look good. |
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Haus
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Your credit score is based on your overall credit history, not just your month to month balance. You to establish a good credit history which means showing timely payments each month, plus you want to have a large amount of credit available to you. If you have had trouble keeping up with your monthly payments in the past, set a side a large amount of cash in a savings account and keep a balance open but use the savings account to pay the balance due religiously on time over the next six months. This will increase your credit history and show that you have changed your pattern of untimely payments.
Write to the credit history companies and ask them to remove any past late payments. |
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casj2006
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yes that would help a great deal |
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Nancy Kay
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excellent idea for that and so many other reasons...wish i could! |
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bluealt
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The best thing in the world is to pay the total balance due on your credit card each month. That way you also avoid the interest charges.' |
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michael looooou
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ONLY IF U WANT A HOUSE THAT THE BIG BAD WOLF CAN`T BLOW DOWN...pEaCe |
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ceprn
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If you want to increase your credit score, get approved for more cards, if you can, but not too many. |
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jm4
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Yes. Not paying your credit cards will hurt your credit quite a bit. Even if you can't pay them off entirely, pay at least the minimum payment on time every month. |
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kewlcatgg
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Yes. Put only enough on it that you can pay off and pay it off every month BEFORE the due date. It'll help :) |
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Juicyit :)
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You should pay it off cause you have too... |
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retrodragonfly
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Yes and it will keep you from having to pay any interest. |
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