Irving offered some really good advice IMO.
Doesn't mean I want him to be my boyfriend.........well, you know.
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Irving offered some really good advice IMO.
Doesn't mean I want him to be my boyfriend.........well, you know.
I dont have a choice on the bellco account. it closes automatically since I withdrew my membership from that useless bank that calls itself a credit union but never does squat to help their members.
I've not been very good at managing credit cards either. so its whatever. I have no need for 3 cards any longer. 2 is plenty.
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I was determined to achieve higher available credit for a while and was pretty successful. As an added bonus, my score went very high as well. The catch .22 of course is that if you are always paying off credit cards and not really using credit (no auto loans), then your score doesn't even matter.
I have a car loan and a signature loan out right now. Just under $7,000 each. Plus federal student loans. ugh.
and going back to school in the next year and a half. Gotta pay the two loans off and save some money to survive on while in school.
Paralegal school first. then law school. not taking a dime out on student loans for either. Chapter 31 Voc. Rehab for the Army will pay my tuition.
I will probably pay my tuition for part time classes at paralegal school to begin with until I can go full time.
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Take the cards you will be closing out, cut them in pieces and let them sit there. You're unable to use them but maintain that credit rating, if not improve it.
Colorado gun cleanin' Saturday night.
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Good advice. I was just going to post the same thing.Quote:
Originally Posted by Great-Kazoo
I have many cards I haven't used in years, including a personal line of credit with my bank. Sometimes I wonder if I should ping them every once in a while (and of course pay them immediately.)
I carry ZERO revolving debt. Only my Amex ever shows a balance on reports, which is kinda stupid if you ask me, as it's paid in full every cycle.
We have house, van, and my wife and I each have one credit card. CC's get paid in full every month. Last time I checked, my credit score was like 775.
I don't like the idea of having enough rope to hang myself, personally.
There's a few lying dormant in the misc crap pile. While having good - vg credit score is a plus, I'm mid 800's It's really ones debt to income ratio that gives you loan capability.Quote:
Originally Posted by brutal
Oddly enough, paying off a CC every month does not help you build credit score.
Buy something modest and within your budget, and extend that out with your payments as long as you can, that will enhance your credit when you pay it off.