using cc then paying off...score increase?

Anonymous · ‎04-14-2008

I've read a couple of post that said if you use your cc and then pay it off that this somehow helps you gain a few points. Does anyone know if this is right? How does it work? It seems a little to easy to me but if it works I'll do it.

Thanks!

Anonymous · ‎04-15-2008

For max points-

have 1 card report a small balance and PIF-

love2golf wrote:

I've read a couple of post that said if you use your cc and then pay it off that this somehow helps you gain a few points. Does anyone know if this is right? How does it work? It seems a little to easy to me but if it works I'll do it.

Thanks!

Anonymous · ‎04-15-2008

So, if I have two cards, are you saying go ahead and pay one off. Then let the other have the small balance and then pay that one off as well?

Anonymous · ‎04-15-2008

This gets quite easy when you are using CC's for daily purchases or even gas-

CMS- is perfect to have a small monthly charge on a CC and PIF before the due date= No interest charges, low balance= Happy FICO

What ever your meathod is- let a small balance report, but don't pay interest charges !!!!!!!!

You want less than 1/2 of you CC's to report a balance. Individual and overall Utilization under 10% and under 5% if you can.

prudentone wrote:

So, if I have two cards, are you saying go ahead and pay one off. Then let the other have the small balance and then pay that one off as well?

Anonymous · ‎04-15-2008

You have no idea how excited I am. I look forward to playing this game.