0
You only want to have 2 to 3 credit cards. Older more seasoned ones that you have that show good paying history is the best. If you have more credit cards, you can close some but only the newer ones as this will not hurt your credit scores as much by closing them. If you close the older ones, then it will hurt your credit scores more!
There is only 2 reasons why you need credit cards: 1. To build credit and; 2. For emergency purposes.
If you haven't read the new credit card law that went into effect on February 22, 2010 (passed in May 2009) then search the Card Act of 2009 and it will explain all the new info that the credit card companies can and cannot do. Most of the new law will really help consumers, but what we didn't get is a cap on the interest rate of what credit card companies can charge us.
A variety of credit such as below may help you boost credit and credit scores in the long run such as: 2-3 credit cards, an auto loan and a mortgage loan all paying on time payments and paying on them for over 2+ years. This shows lenders that you are responsible can repay a debt - giving them a reason to take a chance on lending money to you.
Important - it is very wise to check your credit reports every 6 months. Obtain all 3 of your credit reports for free at: annualcreditreport.com (the ONLY free site), but you will have to pay for your 3 scores if you want them. Then 6 months later, you can pull them separately from each of the credit bureaus or all 3 from 1 credit bureau for a fee plus scores if you want them. Do NOT stagger obtaining your credit reports as some people/sites say. It doesn't make sense because credit reports/scores can change daily. If you think or are a victim of credit identity theft, they you may want to pay a credit monitoring service monthly for their service. If not, don't waste your money - they are blood suckers and just want your money for months even years! Add $10+ up for months, even years and tell me it's worth it?!
Credit is so important these days with what is going on in the economy! From obtaining a job, to buying a cell phone, to insurance rates and obtaining loans. Your credit and credit scores will determine your monthly payment and how much you pay on the loan overall. Know that credit repair is legal by the Fair Credit Reporting Act (look at Sections 609 and 611 if you are still a non-believer). I have personally 25 years of learning the fed laws, and helping people with credit problems, spoke to thousands of people in seminars and conferences! If you have less than perfect credit, get educated and learn your rights - clean up your credit reports. If you need help, contact MyCreditSolutions.com and get help. A lot of sites/people out there pretend to know what they are doing when it comes to credit repair and they do not. 2 things to ask a person/company: 1. Do you know what Federal Laws that govern credit repair? and 2. What documents do you have to provide me in order to do credit repair? If they do not know, then do not use them! It's as simple as that! Of course there are more questions you can ask, but we can go over that on a later part. Thanks for reading this, I hope it helped you.
What else can I help you with?
How can one raise their credit score?
The most important factor in a credit score is paying one's bills on time. Any late payment lowers the credit score, but a higher ratio of on-time payments will raise it. Paying down some debt will also raise the ratio of available credit and raise the credit score.
Do you keep or cancel old credit cards with no balance on them Why?
Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.
How can I raise my credit score?
It is so important to maintain a good credit score, and if you need to raise your score, there are a variety of ways to do so. Here are a few sites that can provide you with great advise for improving our credit score: http://articles.moneycentral.msn.com/Banking/YourCreditRating/weston-raise-your-credit-score-to-740.aspx http://money.msn.com/credit-rating/9-fast-fixes-for-your-credit-scores-weston.aspx
How do you raise your credit score?
A good way to raise your credit score, is to get a credit card with a limit on it, and only use about $10 a month on it, and pay it back immediately. This will help to raise your credit score gradually.
Where can I find credit counseling to raise my score?
Credit counseling does not always work and may actually make your credit score worse. There are no quick fixes to raise credit scores and just pay your bills.
How can one raise their credit score?
The most important factor in a credit score is paying one's bills on time. Any late payment lowers the credit score, but a higher ratio of on-time payments will raise it. Paying down some debt will also raise the ratio of available credit and raise the credit score.
If i give grantsgov 490 to raise credit score will they give me my money back or will they steal it?
If you give grantsgov $490 to raise your credit score, you will lose the money and your credit score will not be raised.
Do you keep or cancel old credit cards with no balance on them Why?
Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.
How can I raise my credit score?
It is so important to maintain a good credit score, and if you need to raise your score, there are a variety of ways to do so. Here are a few sites that can provide you with great advise for improving our credit score: http://articles.moneycentral.msn.com/Banking/YourCreditRating/weston-raise-your-credit-score-to-740.aspx http://money.msn.com/credit-rating/9-fast-fixes-for-your-credit-scores-weston.aspx
How do you raise your credit score?
A good way to raise your credit score, is to get a credit card with a limit on it, and only use about $10 a month on it, and pay it back immediately. This will help to raise your credit score gradually.
Where can I find credit counseling to raise my score?
Credit counseling does not always work and may actually make your credit score worse. There are no quick fixes to raise credit scores and just pay your bills.
How can you raise your credit score quick?
The fastest way to raise your credit score is to pay off all of your outstanding credit card debts and any non-collateralized personal loans. After two (2) months, the status of zero balances across many products will raise your credit score. Now, if your credit score is low because of missed payments, judgments, writeoffs, etc., doing the above will raise your score, but not to a level where you will find it easy to obtain new credit instruments.
What are some good ways to raise a credit score?
Credit scores can be raised by being responsible with credit. Credit card bills should always be paid on time. Debt reduction can also raise a person's credit score.
How do you raise your credit score after paying a collection company?
No
How do you raise your credit score two points?
You masturbate.
Whats the fastest way to raise your credit score?
Get a credit card, buy things with it and pay them off IMMEDIATELY when you get the bill. As long as you are NEVER late, this kind of credit (called revolving credit) will raise your score quickly. If you are ever, ever late this will lower your score even faster.
How do you raise your credit score fast?
The best way to quickly raise your credit score is to pay off all debts. Another thing that will help it to not drop is to pay debts on time.
