So Let's Talk About Good Credit And Ways to Restore Bad Credit...Step Inside...

[Miltown Marauder]

My tip is, your first credit card you leave open FOR LIFE. Nothing beats longevity.

 

[major pain]

My tip is, your first credit card you leave open FOR LIFE. Nothing beats longevity.

Ehh... that really is a case by case basis especially if you are looking for other unsecured credit. Lenders tend to "match" or just beat the limit you have on other cards. Normally, a person's first credit card is a very low limit... under 1k and probably under 500. So, you might be stuck with low limits for awhile with that. Personally, I like moving on to bigger and better things. Pretty good feeling I got when I received my first 5 figure card.

 

[Chef_Taylor]

my current credit score is 695...at the pace im going ill be done paying my suv off next fall...once i've paid the suv off, how far will my credit score jump?

 

[major pain]

my current credit score is 695...at the pace im going ill be done paying my suv off next fall...once i've paid the suv off, how far will my credit score jump?

Well first off where are you getting that score from? If its not from myfico.com then it may not be an accurate score. Second, paying off an auto loan is good overall, but you may not see much of an increase in the score. The reason being is the majority of your credit score is based off of how you use your unsecured or revolving credit (credit cards, line of credit, store cards).

 

[Wishbone Jones]

i need better credit

 

[TheBoyRo]

Bump. Any new advice?

 

[Bcotton5]

Thinking about buying a used car and paying it off really fast to build my credit. Heard contradicting stories that that paying it off faster than your supposed to can hurt more than it helps and won't build your credit.

Is it better to pay everything on time or pay 2 or 3 months at a time to get it done faster @Sion

 

[Bcotton5]

Thinking about buying a used car and paying it off really fast to build my credit. Heard contradicting stories that that paying it off faster than your supposed to can hurt more than it helps and won't build your credit.

Is it better to pay everything on time or pay 2 or 3 months at a time to get it done faster @Sion

Pay everything on time consistently. That's the best way to quickly build healthy credit. Using your credit more also helps a lot. It's more of a matter of how often you use credit and how often you pay for it on time. A great way to build credit is to use your credit card for small purchases and pay it off quickly and often in full.

Your level of income may sometimes play a role too but not often.

@Bcotton5

@Sion aight I was gonna get a used car for like 5 or 6 thousand and just pay it all at once lol would that have a negative impact on my credit

 

[Bcotton5]

Thinking about buying a used car and paying it off really fast to build my credit. Heard contradicting stories that that paying it off faster than your supposed to can hurt more than it helps and won't build your credit.

Is it better to pay everything on time or pay 2 or 3 months at a time to get it done faster @Sion

Pay everything on time consistently. That's the best way to quickly build healthy credit. Using your credit more also helps a lot. It's more of a matter of how often you use credit and how often you pay for it on time. A great way to build credit is to use your credit card for small purchases and pay it off quickly and often in full.

Your level of income may sometimes play a role too but not often.

@Bcotton5

@Sion aight I was gonna get a used car for like 5 or 6 thousand and just pay it all at once lol would that have a negative impact on my credit

No it won't impact it at all.

Btw I think you should consider a car loan if that's the case. But depends on the car and how long you intend on keeping it.

Yea that's what I meant , a car loan for a used car but I just pay it all at once instead of monthly. How would that affect it? @Sion

 

[mc317]

Any of yall tried piggybacking on tradelines
https://www.boostmyscore.net/

 

[2stepz_ahead]

@Sion we should sticky this an move it to the g&S.

maybe..just a thought

 

[Qiv_Owan]

@Sion we should sticky this an move it to the g&S.

maybe..just a thought

I agree with this

 

[Koltrain]

Any of yall tried piggybacking on tradelines
https://www.boostmyscore.net/

@mc317 Haven't tried it. Do you know anyone that has?

 

[Koltrain]

Made my money back in a week. Using this to supplement my savings.

Www.myfes.net/dcole5

 

[LUClEN]

I recently just fixed my credit. If you're in Canada, the website Mogo.ca will give you free credit advice and let you access your equifax score for free, without hurting your score. I went from 616 to 669 in less than 2 months.

 

[Koltrain]

Inbox me if ur interested in removing negative items from your reports. GREAT opportunity and great services.