03-29-2009 06:50 AM
I started rebuilding my credit score about a year ago and I now have three CC. My credit limits are:
$2500 balance of $1000
$1000 balance of $0
$500 balance of $0
I just receive the credit cards with zero balance. Would it be better if I keep the balance to zero or to show some activity on these cards.
03-29-2009 07:49 AM
Who are the creditors for those cards?
I would suggest that you use the card every couple of months. If its HSBC though, its in these forums that you would actually have to use it a lot to keep it from being closed or to expect any CLIs.
Try and keep the overall UTL @ 9% and rotate your cards accordingly.
03-31-2009 04:40 PM
If you mean have "report zero" because you PIF, that's great. If you mean don't use....well CCC's do want you to use them. As the 'ole saying goes....use it or lose it Just don't run em up....treat em like a debit card.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.