I saw all the answers here are very informative and useful. So you definitely will get all the tips.
As a new to the united state and never been experienced debit or credit in my life before, i built
my score from 300 to 750 within half and an year. I started with 300 capital one card because none
of other credit company believe me because of my less credit history but
now every company offer me starting with 2k to 3k.
** There is one tip that I wanna give you from my experience
is If you're online person, pay ahead at least 4 days. What I mean is nowadays no one go to bank to pay
credit debt , (except a few) So we all pay our debt from our mobile app. But some people forgot that
if you pay electrically it took at least 2 to 4 business days unlike paying at outside. For example, if your
due date is end of the month 28th on Friday, so you pay them on Friday. So you think , you paid off but actually your bank
report to credit Bureau that you didn't pay. The reason is your money didn't arrive to your bank until
Monday or Tuesday because Sat and Sunday aren't business day. So, the best thing is pay off your minimum
due in the middle of the month. So that way you won't get late payment fees. And if you want to pay off left
over debt, pay them 4 days before your monthly payment due date.
This is how I handle my payment.
-My car loan due date is 27th of every month. So I set up auto payment 21st of every month.
- I pay my car insurance every 6 months but if I couldn't, i set up auto payment 5 days ahead/
-About my credit cards, I had 4 accounts and I checked them 10th of the month and if I have minimum
due , i pay them right away. Minimum due is around 25$ to 35$ , so it won't be difficult to pay off.
and around 22nd I checked all accounts again and I paid the amount fully or sometimes if I couldn't
I will leave some amounts there. But having debt in the credit isn't a problem as long as you paid
off minimum due and paying some debt before they reported to credit bureau each month.
