Hello All,
I am so excited to have discovered this forum and all of this wonderful information. My question is I have a business cc with and a personal cc with WU. My util on the business card is around 50% and the personal card is around 40%. I plan on paying the personal card down below 10% util and will pay the business card down to about 25% for the month of July. My question is the business cc does not appear on my credit report, so I am wondering does it have any affect on my credit score, and if so how much. Also, I have only one collection listed on my credit report dated from 9/2001, but then it says last reported activity is 2/2002, the collection is for 341.00 should I pay this or let it drop off, and if I do pay it, will it boost or hurt my score. I have heard that sometimes paying off old collections can hurt your credit, sounds crazy. Is this true?
Eq-678 TU-701 Exp-709
Hoping to get all scores over the 700 mark so I can be in the club!
Thank you
Message Edited by kewlgirl on
06-26-2008 01:57 PM