Originally posted by Underboss
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Credit Card/Score question
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Originally posted by deliveryman View PostWell, lenders (credit cards) are different from credit bureaus (credit scores).
Your lender (banks, trust companies, retailers, etc) like it when you pay interest, however the credit bureau that the lenders report to, will adjust your score accordingly (they are indifferent in that regard)
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The best thing is to just pay your bills on time, and use your cards for small purchases that you can pay for in full each month and not worry too much on your credit score.
There are 3 things that will raise your credit score higher than using your cards for purchases...and here they are:
Paying for your new car every month.
Paying a mortgage (or school loan).
Paying for a personal loan.
When i finished paying for my college tuition 4 years ago, my credit score went up to 741!.
But when i started with this credit card thing, it went down and never got up to where it was.
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