06-21-2008 03:36 PM
miguelon wrote:Hi, the whole credit score system is quite new for me since I've just arrived to the US, and so I have opened a checking account and have deposited 900$, and the only way to get a credit card was to request a secured credit card with CL 800$, so I need to know; What would be my starting credit score? How do I increase this credit score? Where should I request credit cards? If I ask for a car loan, should I do it, at the Bank itself or by a dealer? would it be denied?Appreciate your help,Miguelon
03-04-2009 02:28 PM
03-04-2009 02:33 PM
Also remember it is not the limit on the card that hurts or helps a score, it is the utilization percentage. Always pay that down before the statement cuts (try to keep it under 10 percent reporting), and always pay on time.
If you do these two simple things your scores will go up.
07-16-2010 07:12 PM
Post split to form a new thread within Understanding FICO Scoring