Comments for Know My Credit Score

Comment on How to Keep a Credit Score of 783 by William

William — Tue, 01 Jun 2010 07:14:59 +0000

You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – buildcredit.ifastnet.com
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Comment on How to Keep a Credit Score of 783 by Rodney

Rodney — Tue, 01 Jun 2010 06:28:59 +0000

Here is what you should do:

1) Keep all your current credit cards.
2) Don’t cancel or apply for new ones (doing so too often lowers your score)
3) Spend $20 on each card every month (gas?)
4) Pay them off in full every month

The secret to having a high credit score is to having a lot of credit available to you, but using very little of it. This shows banks that you are not dependent on credit and therefore you are financially stable. Maxing out your cards is the worst thing you can do.
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Comment on How to Keep a Credit Score of 783 by revealz

revealz — Tue, 01 Jun 2010 06:13:59 +0000

Having to many trades or to little trades can affect your score. While paying off your cards in full every month does make you a responsible person it still affects your scoring. Each score is different based on the provider.
References :
http://www.bad-credit-advisor.com/fico-definition.html

Comment on How to Keep a Credit Score of 783 by GI Jane

GI Jane — Tue, 01 Jun 2010 05:33:59 +0000

I saw this on privacyrights. com – thought you may find it helpful. I know it is not the question you asked, but it offers info to managing credit….

Does it improve my score to pay off my credit card balance every month?

Not necessarily. Points are given or taken away based on the amount of available credit used. Certainly, using the maximum amount on your credit card and paying only the minimum each month can lower your score. But, using a large percentage of your available credit each month, even when you pay the bills faithfully, can detract points if you are carrying a high balance at the time your credit history is scored.

Remember, the credit score is a snapshot of your credit report on any given day. Most credit card companies and other lenders report to the credit bureaus every 30 days. If your credit report is scored right before your monthly credit card bill is due and you’ve used a significant portion of your available credit, your score will go down.
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Comment on How fast do credit card companies report changes? by jack

jack — Sat, 08 May 2010 04:21:59 +0000

hi,

if you are looking for the best credit report site, check out this site

http://Credit-Report-Online-USA.com

Here you can get your Free Credit Score and Report

hope this help,
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Comment on How can I start building a Credit Score at 18? by Tony

Tony — Sat, 24 Apr 2010 22:11:59 +0000

Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – buildcredit.ifastnet.com
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Comment on How can I start building a Credit Score at 18? by Jason Alexander

Jason Alexander — Sat, 24 Apr 2010 21:26:59 +0000

Hi,

You most likely will not be approved for a card if you apply. And yes, applying for credit in any form, most times will hurt your score.

Here are the best options:

1. Have your Mom, Dad, Grandma or Grandpa (If they’ll let you), add you to their credit card account. Make sure they add you to whatever credit card they’ve had the longest. If your Grandparents have cards that they’ve had for a decade+ that will really help. This will take your history back all the way to when the card was opened – which can be like when you were 5. Use it, pay the bills on time, every time. If they don’t like the idea and think you’ll screw things up – tell them to keep the card themselves and use it for you, in your name. This will really help your credit.

2. Have one of them co-sign and apply for a good credit card. A co-signer that has a great score and long credit history will, in most cases, get you approved. Then, use the card, pay the bill, etc. The co-signer will also get a card and it won’t hurt to ask them to use it as well.

Hope this helps – good luck.
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Comment on How can I start building a Credit Score at 18? by StephenWeinstein

StephenWeinstein — Sat, 24 Apr 2010 20:36:59 +0000

No, you should not apply for a store card. You will not be approved, and the application will hurt your credit (so if you get get a credit score, it will be less). You should seek a secured credit card, and no other types, until after you have built your credit.
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Comment on How can I start building a Credit Score at 18? by xlilazngrylx

xlilazngrylx — Sat, 24 Apr 2010 19:53:59 +0000

Yeah, I started building my credit when I was 18 too, im 22 right now. You can start applying for credit cards at retail stores. Like: target, walmart, shell gas station, sears, macys, and etc. If they don't work can go to your bank and apply for a student credit card. (bank of america, citi bank). If you pay your bills on time you credit will go up. But if you pay late a few times, or never pay them you will be expecting debt collectors calling you everyday, this lowers your credit score. Also, never apply for 3-6 credit cards at a time, companies look at how many you apply for in a short period of time (whether you're approved for them or not) because it shows they you're in need of a credit card. Don't apply for credit just to pay off something and close it right away, this also lowers your credit score; keep your credit card for at least 5 years. When you open a credit card, theres something called credit line, the maximum you can charge on your credit card. Let's say you open one and they give you $200/month and you pay everything off monthly on time for 6 months they upgrade you $500/month. How much your limited to depends on the card.
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Comment on How can I start building a Credit Score at 18? by summer x3

summer x3 — Sat, 24 Apr 2010 19:25:59 +0000

You can have your parents help you co sign for a credit card with a bank. They can help you pay it off each month. Or you can try getting one by yourself but only buy a few things on the credit card and make sure you have money to pay it off.
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