I am on my first credit card with a $250 limit. I read that having a balance of no more than 30% each month would raise credit scores, but my dad says I should spend more since it is such a low limit. Is the 30% percent rule still true for low-limit credit cards?
Browsing the archives for the Build Your Credit category
I currently Have a Platinum Mastercard with no balance on it, and I want to keep it that way using it for only small purchases. My credit line is for $10,000 as of now, should I increase my credit line to $20,000 and keep no or a minimal
10 years they can report a bankruptcy on your credit report, is that from the filing date or discharge date?
11 Aug, 2010 in Build Your CreditOnly one credit bureau is reporting my bankruptcy from 10 years ago, How can I get them to remove it? 10 years that is from when we filled. It stopped me today from being able to re-finance my home because it brought my middle score down to below 700. Need to clean it up ASAP. [...]
To raise credit score should i pay off credit card immediately or stretch out payments over a few months?
7 Aug, 2010 in Build Your CreditI don’t have debt by any means, first and foremost. I am just starting to live on my own and build my credit and stuff. I got a credit card to help me do that and right now my balance is around $600. I can easily pay this off in one month and not
Will correcting wrong addresses and spelling errors on names on your credit report increase your credit score?
6 Aug, 2010 in Build Your CreditMyself and my husband both have wrong personal information listed on our credit reports. If I have them removed will our scores be raised at all?
I heard you can raise credit score if someone add you to their credit line?
4 Aug, 2010 in Build Your CreditI heard you can raise credit score if someone add you to their credit line, does that person need to have a good credit score in order for your credit score to go up?
I’m trying to fix my credit and raise my credit score what are the steps to do that. I read that if you have any debt on your credit report over 2yrs. do not pay it because it lowers your credit score. Is this true.
wondering if old charge offs ‘fall-off’ your credit report after 7 years? 10 years? Do any of those credit repair services work? Heard about writing letters to creditors and if they do not respond in 30 days, the item must be erased from report–true?
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