I want to increase my credit score. One of my friends suggested to take put 2-3 cards as it can help improve score. Will I do it? is it safe to do so or there are any loopholes
Okay.
This strategy can help to increase your credit score provided you
maintain a low credit utilization ratio. This strategy is good when you
have a control on your expenses. Check out the annual charges and try to
pay 90% of the balance every month.
Do you
have a steady income? Can you manage the credit card bill payments?
Remember, using multiple credit cards is not enough. they are not free
money. You have to pay the bills in full and within time. So, before
applying for multiple cards, make sure you can afford
them.
If you
seriously want to increase your credit score, along with keeping the
credit cards you need to pay down your balances, and keep those balances
low.
Pay your bills on time, if you have missed payments, get current and
stay current.
Sub: #1 posted on Mon, 08/27/2018 - 03:10
(Posts: 425 | Credits: )
Sub: #2 posted on Thu, 08/30/2018 - 05:15
(Posts: 1234 | Credits: )
Pay your bills on time, if you have missed payments, get current and stay current.
Sub: #3 posted on Fri, 08/31/2018 - 00:54
(Posts: 432 | Credits: )