Credit Repair
How to build/repair my credit score?
I have a couple of things on my credit- (two) from when I was 18. I am now 24 and I got a credit card to build my credit score back up. The limit is 300. My question is, in order to build up my score do I pay the entire balance off monthly or just make the minimum payments? Or do I pay more then the minimum but not the entire balance? I have no problem paying it off monthly- my whole goal is to raise my credit score.
Public Comments
- pay ontime and always more than minium
- pay the entire balance monthly as soon as you get your bill. I pay it before I get my bill just to make sure.
- to raise credit score 1. Always pay on time or ahead of time. 2. maintain low balances on credit cards 3.To boost your score: Don't charge anything for at least 60 days before applying for a loan 4. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000. 5. You should have a recent history of both installment or term (Car or house loans) and revolving credit. 6.To boost your score: Don't close unused accounts when you transfer debt. 7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan. ------------------------------ http://www.bestcreditrates.net
- It would be better to pay them off monthly because if you pay the minimum payment you are going to be paying interest. I had a company help me out with credit, and it worked really well for cleaning up my report. www.idealhelpnow.com
- Pay the entire monthly bill. It will help your credit and eventually they will give you a higher credit limit. Don't ever leave a balance, the interest is too high.
