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Do you check your credit score often?

jltrentjltrent Member Posts: 9,343 ✭✭✭✭
edited May 2006 in General Discussion
What are some thing to do to raise your score besides just paying on time? Does anybody know anything about this? Thanks for any help.
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Comments

  • iwannausernameiwannausername Member Posts: 7,131
    edited November -1
    Close credit accounts that aren't used. Part of the formula is how much you make vs. how much others are already "loaning" you - even if you have a 0 balance.
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  • lazeruslazerus Member Posts: 1,950 ✭✭✭✭✭
    edited November -1
    Ask credit card companies to reduce your available credit if you do not need it.
    For instance if you have a card with a 5k available limit and you only use it occasionally and pay it off when you receive the bill then have them reduce the credit limit to 1k, then if you ever need more you can call and ask to have it raised.

    Also check your credit report overy 6 months and ask for a lower interest rate every month.
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  • dlrjjdlrjj Member Posts: 5,529 ✭✭
    edited November -1
    Don't check that score too often. Some evaluation services tend to read that as possible credit application scans and take a negative view of your account as a result of too much potential credit activity.
    Tax evasion is illegal, tax avoidance is an art form.
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  • abcguns2abcguns2 Member Posts: 2,320 ✭✭✭✭✭
    edited November -1
    O.K. , my credit score is in the toilet , Thanks to an ex and a couple bad decisions ...tried paying everything on(before) time , paying extra , everything suggested , NO HELP !!! still a very lousy credit score , & SO What ??? I have all I want & Need and even have a few 'credit' cards , getting offers (credit cards) all the time ???
    I dont really worry about it at all ....Im O.K. ..................
    Thanks !!!
    d.a.stearns
    Gunsmith / LEO
    Niota , Tn
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  • gap1916gap1916 Member Posts: 4,977
    edited November -1
    When I am going to make a major purchase where credit may come into play. Today it is 810. [8D]
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  • AbdulazizAbdulaziz Member Posts: 65 ✭✭
    edited November -1
    Check it quarterly and that has helped out to improve it by getting things removed.
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  • gun_runnergun_runner Member Posts: 8,999
    edited November -1
    How do you guys check it??
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  • AlpineAlpine Member Posts: 15,092 ✭✭✭✭
    edited November -1
    825 last time I checked, about 2 years ago.
    ?The problem with socialism is that you eventually run out of other people's money.?
    Margaret Thatcher

    "There are three kinds of lies: lies, damned lies and statistics."
    Mark Twain
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  • tsavo303tsavo303 Member Posts: 8,913 ✭✭✭
    edited November -1
    If you lower your available credit or close accounts, you used debt ratios go up and lower your score. just put the cards you don't use in the safe


    quote:Originally posted by lazerus
    Ask credit card companies to reduce your available credit if you do not need it.
    For instance if you have a card with a 5k available limit and you only use it occasionally and pay it off when you receive the bill then have them reduce the credit limit to 1k, then if you ever need more you can call and ask to have it raised.

    Also check your credit report overy 6 months and ask for a lower interest rate every month.
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  • bpostbpost Member Posts: 32,669 ✭✭✭✭
    edited November -1
    quote:Originally posted by jltrent
    What are some thing to do to raise your score besides just paying on time? Does anybody know anything about this? Thanks for any help.


    The FICO score is a I LOVE DEBT score. Go to www.daveramsey.com He is worth millions and based on a FICO score he could not get a loan anywhere in the US. He pays cash.

    Debt for anything except a mortgage is bad. My wife and I have closed all my credit accounts, paid them off have $$$$$ in the bank pay cash for our addition on our home and our FICO's have dropped by 200 points!

    If you STOP and think about it; debt is NEVER a blessing in your life. It makes you slave to the lender, that is just the way they want you to be.
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