Browsing the archives for the True tag

Is it true that taking out an auto loan is the best, fastest way to increase your credit score?

in Build Your Credit

say you pay it on time every month.. as opposed to credit cards, personal loans, etc.

3 Comments

Is it true bills get removed from credit report in 5 yrs?

in Build Your Credit

I have a lot of hospital bills. I need to file bankruptcy but it’s hard to get them all together. But a friend said after 5 years they are taken off your credit score. How does that work exactly? I have not filed bankruptcy yet. Just wondering if they really get taken off your credit [...]

8 Comments

Is it true that leaving 30% of your limit on a credit card increase your credit score?

in Build Your Credit

I always kind of max out my credit cards I pay them regularly and none of my accounts are delinquent. I have not noticed any change in my credit score within the last 6 months. why do you think that is? I need help.

2 Comments