To improve your credit rating spend at least $10/month on your card(s) and pay it/them off in full within fifteen days of receiving your monthly bill.
Not necessarily. You should have a high credit limit, but not use more than 50% of it. This is what improves your score. As a good rule of thumb, don't get into credit debt. Pay off the balance.
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
It should be reported effecting your score, also balance on it can either improve or reduce your score.
You should pay the statement balance on your credit card to avoid interest charges.
You should pay the statement balance on your credit card to avoid interest charges.
Not necessarily. You should have a high credit limit, but not use more than 50% of it. This is what improves your score. As a good rule of thumb, don't get into credit debt. Pay off the balance.
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
It should be reported effecting your score, also balance on it can either improve or reduce your score.
A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.
You should pay the statement balance on your credit card to avoid interest charges.
You should pay the statement balance on your credit card to avoid interest charges.
You should pay the statement balance on your credit card to avoid interest charges.
You should pay the statement balance on your credit card to avoid interest charges.
use it but keep low balance, under 800-1000 at all times
You should pay the last statement balance on your credit card to avoid interest charges.