Re: What should I do with my 3 credit cards?
09-23-2012 02:38 PM
You need to use all your cards every month. The amount you use them doesn't matter too much. The way you pay them matters a lot!
You need to pay them online a few days BEFORE the payment due date. When you sign up at Walmart for electronic billing you will get a TU08 FICO score for free.
You want to have 1 card report less than 9% of ALL your credit cards' credit limits and all the other cards report zero. So for you the number would be $500+$300+$200=$1000 $1000 x .09 = $90
1 card reports less than $90 each month and all the other cards report zero.
Why do I need to pay them before they are due? I've seen other people post similar things, but wasn't sure why.