@HeavenOhio wrote:
Neither of these are really hacks or tricks, but these are the main things people do to achieve an optimum score:
- Allow one card to report a low balance to the credit bureaus (between $5 and 8.9% of its limit), and have the rest of the cards report zero. You don't have to pay interest to do this. The balance that reports should come from new charges. For most cards, the statement balance is what reports, so you'll need to make payments to reach your desired amount just before the statement cuts. Some cards, notably cards from US Bank and Chase, operate a little bit differently. Feel free to ask for details if you have one of their cards.
- If you have no open installment loans, open a share secure loan at Alliant, and pay most of it down immediately, To do that, follow the guidance in the first three posts of this thread: Adding an installment loan -- the Share Secure technique. Another time to open a share secure loan would be in the weeks before your last open installment loan is going to close.
Otherwise, always paying on time is the most important thing you can do. Along with that, only open new accounts or take hard inquiries when they're beneficial to you.
Ok so for the past 4 years I've paid 100% of the time never one single late payment which has helped a great deal and I'll continue this my app spree was not only for rewards but also having more flexability of those 0% percent offers to continue building up my credit while financing my small business and personal expenses.
