| Author | Message | ||
     Guttonkay Comedian Username: Guttonkay Post Number: 1589 Registered: 05-2008 Posted From: 137.254.4.6 Rating: N/A |
Typically it doesn't make sense to payoff before the bill arrives. Wait till the bill comes and then pay right away. It doesn't help in anyway to pay interest on it, if you can afford the payments. If your goal is to increase credit history, I would do this -Use credit card for everything that you can pay with a credit card - phone bill, gas bill, electricity bill and so on. -Wait for the bill to arrive -Pay full amount each month -Don't make late payments. This more than anything will make the bank increase your credit limit b'coz they see that you are using the card and paying on time. This will also help the next bank give u a card which ultimately works towards increasing ur credit score. | ||
| Rebel Side Hero Username: Rebel Post Number: 5720 Registered: 02-2008 Posted From: 75.73.190.3 Rating: N/A |
Key factors of your score : 1. How you pay your bills (35 percent of the score) The most important factor is how you've paid your bills in the past, placing the most emphasis on recent activity. Paying all your bills on time is good. Paying them late on a consistent basis is bad. Having accounts that were sent to collections is worse. Declaring bankruptcy is worst. 2. Amount of money you owe and the amount of available credit (30 percent) The second most important area is your outstanding debt -- how much money you owe on credit cards, car loans, mortgages, home equity lines, etc. Also considered is the total amount of credit you have available. If you have 10 credit cards that each have $10,000 credit limits, that's $100,000 of available credit. Statistically, people who have a lot of credit available tend to use it, which makes them a less attractive credit risk. 3. Length of credit history (15 percent) The third factor is the length of your credit history. The longer you've had credit -- particularly if it's with the same credit issuers -- the more points you get. 4. Mix of credit (10 percent) The best scores will have a mix of both revolving credit, such as credit cards, and installment credit, such as mortgages and car loans. 5. New credit applications (10 percent) | ||
| Mallik Moderator Username: Mallik Post Number: 8412 Registered: 10-2008 Rating: N/A |
Alaanti rule emi ledu.. you dont even need to pay the interest.. but you need to maintain some history.. In this db, there's always someone watching you!!  | ||
| Rebel Side Hero Username: Rebel Post Number: 5719 Registered: 02-2008 Posted From: 75.73.190.3 Rating: N/A |
avasaramledu mama..thats a false notion to pay interest to increase credit score.. pulp it may or maynot help..help aina takkuve untadi.... | ||
| Pulpfiction Side Hero Username: Pulpfiction Post Number: 8669 Registered: 02-2009 Posted From: 128.107.239.233 Rating: N/A |
antey montly credit statement votchaaka pay chesthe better aaa ?? Attitude determines Altitude. | ||
| Mallik Moderator Username: Mallik Post Number: 8409 Registered: 10-2008 Rating: N/A |
Singal effect undadi.. credit card thoti score peragaale ante aanki jerantha interest paisal kattaale tammi.. In this db, there's always someone watching you!! | ||
| Pulpfiction Side Hero Username: Pulpfiction Post Number: 8664 Registered: 02-2009 Posted From: 128.107.239.233 Rating: |
One small doubt: oka 1000 USD credit card undhi .. suppose, for suppose , on Friday oka laptop konnaaanu for 950 USD , with credit card next monday, credit card payment chesesaanu for all 950 USD .. will this help better my credit score ? or will it not have any effect on my score, because i paid the amount before the monthly credit statement ? Attitude determines Altitude. |
