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 Posted: Fri Apr 07, 2006 10:15 pm Subject: How to improve credit score? |
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read full article here, (URL snipped -Denny)
"If you use your credit card heavily to reap up the air miles rewards, you may actually be hurting your credit score. Credit scores do not know your name and who pays off the credit bills at the end of each month. All they know is the outstanding amount due. Therefore, if you are due to pay 3000$ in May, and a lender checks your credit report before you make the $3000 payment, your credit score will be low. Thus, what's the lesson? Try not to use a credit card for 2-3 months before applying for a loan, example a mortgage or car loan."
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Sadhra
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| Posted: Thu Apr 13, 2006 4:52 am Subject: |
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Thanks for the tip,Sadhra,please join the forum,and continue to share your advice.
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"No amount of time can erase the memory of a good cat, and no amount of masking tape can ever totally remove his fur from your couch." Leo Dworken
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twokidtwocat
Joined: 31 Jul 2005
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