@Anonymous wrote:
I am trying to improve my credit score and paid off all of my debt. I know that you need to have some debt to improve your score. My score has not moved since I believe August. I am going to charge a plane ticket on a credit card so I can get some activity on my bureau. My question is the ticket will be a little over $300 should I pay it off right away when I get my bill or should I make maybe three one hundred dollar payments. Thanks for any advise.
Welcome to the forums.
I'm not sure what you mean by I know that you need to have some debt to improve your score. Do you mean carrying a balance forward from month to month? That's never necessary. If you use a card pay it in full before the due date each month to avoid any finance charges.
That would apply to the $300 charge for a ticket. If you don't PIF you will pay interest for no reason.
Optimal credit utilization for FICO scoring purposes seems to be:
Total revolving utilization > 0 and < 9%, the lower the better, and
Reporting a balance on less than half of your revolving TL's, and
Reporting a balance on half or less of all TL's.
(myfico)
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802
CC interest free as of 8/09
Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".
