11-22-2007 10:00 AM
11-22-2007 10:43 AM
11-22-2007 10:49 AM - edited 11-22-2007 10:50 AM
marty56 wrote:Which of the following will help raise your score:1. Dont use credit cards at all and keep account open with 0 balance. (no activity)2. Use credit card and pay it off each month. (activity each month)3. Maintain a small balance each month. (activity each month)4. Use credit card once every 2 months or so and pay the balance off. (activity ever so often).Also is there a diference between pay the minimum payment each month (ignore % balance) and new charges in terms of activity on the account. Does it matter anyway.Thank you.
11-22-2007 12:13 PM
11-22-2007 01:54 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.