I am a student that just received my first credit card and strictly want to use it to build credit. I have a high 19% interest rate and $300 limit. Can I still get good credit if I pay the full ...
I know that applying for and getting rejected for a credit card will lower your score so Im hesitant to apply for a card that requires "excellent credit" Where does a 730 stand? How are my ...
I hired someone to do this for me and it hasn't been working too well. I'm tired of forking out a LOT of money and not getting good results. Any info would be greatly appreciated....
my credit score is 734 because im 21 and only had credit for 3 years. i want 830 or higher right now. i never had a late payment, never had a missed payment. and there are no negative things on my ...
is it a good idea to give prepaid credit card as a gift? i mean i was considering gift card but i thought with a prepaid credit card, you can use just about any where you go right? any comments......
My Husband bought a used car from a dealer and it broke down several weeks later and is now un road worthy! After much debate with the car company they have decided to replace the car with a ...
If yes, could I get the name(s) of these companies.
Also:
1) Do they charge you an inital fee?
2) I'm not looking to get into major debt again. Just a smaller loan to clean up ...
I recently made applied for an auto loan and was denied. I signed up for unlimited up to date credit report monitoring through my bank. I check my credit report twice a week every week. I have become ...
i have one credit card, i have to pay $59 annual. now i want to cancel this card after i get one good card with no annual feel. is it possible to cancel the card??...
I have a 14,000 inheritance- I am trying to improve my fico. Should I pay off a 14,000 credit card or a 7,000 car loan and put the rest towards the credit card?...
I felt sorry for my co-worker. I have known her for about 3 years. I would say I'm a friend but haven't hung out with her outside of work very often. She's going through a bitter ...
Im 21 and never had a bank account, when i've tried to get one im refused because i have no credit, i want to buy a house in a few years. any ideas??...
I'm only 21 and screwed up my credit so bad. When I was 18 I moved to manhattan and maxed out my cards and was late paying them off. They're all payed off now and closed accounts. How do I ...
RYAN F
Will paying off my entire balance weekly help my credit score?
I'm currently paying off my entire creditcard balance online every other week. All of my statements have a 0 balance right now, but I'm afraid paying them off this often and carrying zero balance won't improve my score since I don't carry any "credit"
No. Paying off weekly won't matter. Everything is done a monthly basis. But that is the whole point to great credit: using it but paying it off in full. It means that you are using your credit very responsibly and that is what lenders want to see and what will make your score high.
kelly
yes it will improve your score your score is based offof income to debit ratio
XoxoxoxoX
That is not necessary, because credit card companies only report to FICO monthly.
geegee0834
It won't. At least let a small balance (like $20) carry over.... It's worth the pennies of interest that you'd pay on that amount just to have it increase your credit...
CREDIT ANALYST
Contrary to what many credit advisors say, paying off credit cards each month is not always the best action to take. When making credit card payments, carry a balance on your credit card every other month - even if it's as little as 2 dollars.
Accounts with zero balances do not compute significantly in your total score. What do I mean? For instance, a credit card with a perfect payment history and no balance will not raise your credit score as much as a credit card with a low balance. Any balance keeps the card active so it computes in your credit score.
I have repeatedly adopted the above strategy on my credit cards and the result is quite amazing: It raised my credit score substantially within one year.
Ted
It doesn't even cost pennies. The amount reported to the bureau is the balance on the statement. They have no idea if it's a new balance being paid off every month or an old balance being carried.
Shane O
well if you are paying off your entire balance every other week, than by my assumption you are using the card which is perfectly fine...as long as you use it and pay it off you are in good shape
kapn
Nope...........continue to pay on due date.......why let them have your money.......
Jonny B
Probably not it will show the credit companys that you are not using them.
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