vn
Level 2
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Activity Feed for vn
- Posted Re: How to Raise Your Credit Score on Credit score. Monday
- Got Cheered for Re: How to Raise Your Credit Score. April 18, 2019 11:13 AM
- Posted Re: How to Raise Your Credit Score on Credit score. March 7, 2019 10:26 AM
- Posted Re: How to Raise Your Credit Score on Credit score. March 7, 2019 10:24 AM
- Posted Re: How to Raise Your Credit Score on Credit score. March 4, 2019 4:01 PM
Monday
My credit score is 823. I have two credit cards for 40+ years and several others. I NEVER miss payments; pay in full as often as possible or carry balances of less than $1k; have satisfied an unsecured, 3-year loan at low interest; and paid off a 5-year car loan in 25 payments. Judicious use of credit is the key to success. Learn FAST the difference between WANT and NEED and you will never have any problem building/protecting good credit!
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March 7, 2019
10:26 AM
I don't like the "-$1" plan because that mere $1 becomes subject to interest!
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March 7, 2019
10:24 AM
1 Cheer
I don't apply a "-$1" approach. I think that is used to keep the account open, but none of my cards require that to remain open.
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March 4, 2019
4:01 PM
When I purchased my car in 2016, I financed $16k+ for 5 years at the usual interest rate. In order to afford having a car, my plan was to pay off the $265/month payments ASAP, which I did in 25 payments. Later, my rent was increased and I obtained a personal loan from my bank at low interest to pay off all debt. That payment is $244/month now, but I have 1.5 years remaining. My CS is 808.
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