Posted by: New 40th birthday credit score reports Memphis decorations | 11/14/2010 at 02:59 PM I found the dont close old accounts to be a very interesting tip. This isnt one that many people think about when wanting to improve their credit score. Posted by: Credit Score Scale | 12/18/2010 at 02:20 PM Here are the secrets of credit scores (I read the actual Beacon Score manual a few years ago) 1) Your credit score goes up for the first 3 hard inquiries on your bureau in the last 12 months. More than 6 in the last 12 months and it gets real bad 2) The older the credit card/line etc. the better (assuming you paid it faithfully) The younger, the worse, in case you are wondering why you were turned down for credit a month after the bank approved your big fat mortgage. If you are ever told you HAVE to close credit, close the most recently obtained first 3) You get maximum positive effect for having a balance report on your bureau that represents 30% or less of your credit score reports Memphis credit limit.
The next step down, is credit score reports Memphis having NO balance reporting.
You get even credit score reports Memphis worse points if the balance is between 30% to 70% of your credit limit. canada free credit report
You get horrible points if the balance is more than 70%. Oh, and it doesnt really matter that your credit card issuer is still honouring your card even though you are over your credit limit, that absolutely sinks your credit score. Ask for a higher limit (and obviously, dont use it up) 4) Having a cell number as your home number - yes that will pop up on a bureau as a risk factor 5) Frequent address changes (ie less than two years credit score reports Memphis apart) - that hurts your credit score 6) having credit with finance companies, as opposed to banks, will also hurt your credit score (I know some of credit score reports Memphis these dont make sense, like financing your car lease with mercedes sounds better than financing it with a bank, but thats how stupid credit scoring is) So you blew your credit score and need to repair it? credit rating scores
(A) get a secured credit card in your name (no, not the ones you buy at a convenience store) and wait a few months (B) Get a decent sized downpayment in you can (15%-35% down) and buy a car from a used car dealership that offers on the spot financing. Pay it down to 60% of the original loan amount before asking for credit elsewhere (c) wait till the last day of RSP season and ask for a small RSP loan, repayable in less than 12 month. I heard, for reasons that make no sense to me, that some banks dont even check credit for loans less than 12 months, assuming you are already a regular customer Posted by: tommy | 03/03/2011 credit score reports Memphis at 12:40 AM Heres a hint: if you see an ad or a promise to improve your credit for a fee, run as fast as you credit score reports Memphis can in the opposite direction.
Meanwhile, I wish someone would moderate these comments. There is good advice in some of them, but most are either irrelevant, ads for credit score reports Memphis commercial services, or contain bad information. For example, the names of the reporting bureaux are EquifAx and TransUNION, and no matter what either of them say, you wont go to jail for bad debt. And the advertisers are obviously not too bright - this is a Canadian site, but credit score reports Memphis some of the ads are for UK companies. credit report protection
Posted by: Kevin | 03/03/2011 at 01:10 PM I ran into a problem with my credit card a couple years ago. After fighting tooth and credit score reports Memphis nail to get a credit back (A very small one with only 500 bucks) I started using it all the time. I would go to the grocery store credit score reports Memphis and pay for the groceries go home and put an equal payment on the credit card via online banking.
I dont know if it worked but after 4 months they doubled my limit.
Ive been doing that for 2 years now and I was just approved for a mortgage.
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