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The target range for maximum points to your score is two to four revolving accounts. Managed properly and paid on time will cause points to be added.

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10y ago

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No open accounts you have no credit score how can you get a credit score?

Of course you have to open an account or a credit cards for you to be able to get a credit score. I personally get a credit cards and check my three credit report from different bureaus.


What are three tips that can help improve the credit score of someone with poor credit history?

The best three tips is to close out credit cards with a paid balance, make payments on time, and try not to have too many lines of credit reflect on the credit report.


How do I build up my credit score with credit cards?

You can build up your credit score with credit cards by wisely using your credit every month and paying it off in full every month. By paying off your cards, you slowly build up your credit score.


What is the benefit of getting an Equifax credit report?

Equifax is on of the three major credit reporting agencies. An Equifax Credit Report is beneficial for obtaining your credit score. Knowing your credit score may determine whether your are eligible for credit cards, loans, and grants.


What are the three types of credit cards available in the market today?

The three types of credit cards available in the market today are secured credit cards, unsecured credit cards, and prepaid credit cards.


Who checks your credit score?

The three credit score companies.


Could a prepaid credit card benefit your credit score?

There are many prepaid credit cards that can benefit your credit score. They usually charge you annual fees, but they report to all three major credit bureaus each month, which can help you get back on your feet if you have bad credit. No, they cannot. Your name and personal information aren't linked to that card and there are no bills to pay to prove your credit-worthiness. A secured credit card works similarly to gift cards and will improve your credit score.


Already paid off everything on my credit from all three bureaus and no one told us that this actually lowers your score and not raise it so what is the best way to raise a credit score quickly?

Put a little on your cards. A big part of your score is balance-credit ratio.


Is a credit score of 9002 bad?

9002 is not a valid score. A credit score would be a three digit number.


What are the factors that determine your credit risk?

you will get a low credit score. you can always check your credit score on three credit reporting agencies


Who can give you your true credit score?

You can get your true credit score from any of the three credit companies, Equifax, Transunion and Experian. Any of these three will give you a free credit score once a year. You're entitled by law to it.


How many credit card tradelines should one have?

It all depends on your goals and your current credit history. You typically want a mix of credit if you want a higher score, which in turn helps you get better cards with better terms and higher limits. A safe approximation to how many credit cards you should have depends on how long you've been using credit, so start with one or two, and build* until you have three or four lines (or more if you wish). Just remember to have a MIX of credit- your score can drop or stay low if you only have credit cards on your credit report... * in order to build and maintain a higher score, you need to exercise discretion and patience. Getting a high score doesn't happen overnight...