What is your Credit Score?

**juggernaut2005** · 11-10-2005, 10:15 PM

and tips on raising it and/or keeping it high

**MyK** · 11-10-2005, 10:19 PM

Originally Posted by juggernaut2005

and tips on raising it and/or keeping it high

keep your discretionary income high!

**min0 lee** · 11-10-2005, 10:38 PM

Hold let me get my card, in fact let me send you my number.

**Jodi** · 11-10-2005, 10:58 PM

Paying your bills on time. Keep a low to average debt to income ratio. Keeping your credit active but not taking it overboard.

Having good credit goes a long way!

**MyK** · 11-10-2005, 11:01 PM

Originally Posted by Jodi

Paying your bills on time. Keep a low to average debt to income ratio. Keeping your credit active but not taking it overboard.

Having good credit goes a long way!

how long do you like it?

**Mudge** · 11-10-2005, 11:05 PM

"The average FICO score is 678"

**LAM** · 11-10-2005, 11:08 PM

yup. 650-675 is where I see most of the borrowers I deal with. I love it when I get someone with a 750 or higher FICO score. it makes getting them qualified for a loan that much faster. plus I get a lender rebate for A paper loans !

**Jodi** · 11-10-2005, 11:11 PM

Originally Posted by LAM

I love it when I get someone with a 750 or higher FICO score. it makes getting them qualified for a loan that much faster. plus I get a lender rebate for A paper loans !

Cool - want to do my refinance of my mortgage? hehe

**LAM** · 11-10-2005, 11:31 PM

I can't get licensed in AZ unless since I don't live there. if you ever need a refi I have a buddy in Paradise Valley that works for the same mortgage company as I do. known him for about 10 years, good guy he can hook you up.

**Jodi** · 11-10-2005, 11:36 PM

That would be great

There are so many companies around here and I can't figure out who to use lol. I want to refi as soon as can before interest rates rise again.

If you could PM me the info I would sure appreciate that.

**LAM** · 11-10-2005, 11:41 PM

Originally Posted by Jodi

That would be great

There are so many companies around here and I can't figure out who to use lol. I want to refi as soon as can before interest rates rise again.

If you could PM me the info I would sure appreciate that.

you got mail !

**cappo5150** · 11-11-2005, 12:24 AM

This is something I always took care of. Hopefully it will pay off. Last time I checked, my score was around 740

**TJ Cline** · 11-11-2005, 12:25 AM

Originally Posted by juggernaut2005

and tips on raising it and/or keeping it high

Who is the fattest IM member?

**juggernaut2005** · 11-11-2005, 05:09 AM

Originally Posted by LAM

yup. 650-675 is where I see most of the borrowers I deal with. I love it when I get someone with a 750 or higher FICO score. it makes getting them qualified for a loan that much faster. plus I get a lender rebate for A paper loans !

I just looked at mine 2 months ago and saw two items that I didnt have anything to do it. it was 550 then.. so I disputed two of them and one was deleted and bumped me to 637.. hopefully the other is deleted too and im up to 700.. never had a creditcard either, gonna get one to boost credit

**Rob_NC** · 11-11-2005, 06:26 AM

We recently bought a new house and both of use have credit scores that exceed 800. The things that ding you are late payments, frequent credit checks or not enough time between credit checks(i.e. new cell phone accounts, anything that requires a credit check), too many credit cards (don't get caught in the department store credit card trick), too high of a balance on credit cards, . The best way to maintain good credit is to use only one type of credit card and make sure all payments are made on time. If you aren't using a card that you have, cancel it so it won't appear on your report.

**juggernaut2005** · 11-11-2005, 06:35 AM

Originally Posted by Rob_NC

We recently bought a new house and both of use have credit scores that exceed 800. The things that ding you are late payments, frequent credit checks or not enough time between credit checks(i.e. new cell phone accounts, anything that requires a credit check), too many credit cards (don't get caught in the department store credit card trick), too high of a balance on credit cards, . The best way to maintain good credit is to use only one type of credit card and make sure all payments are made on time. If you aren't using a card that you have, cancel it so it won't appear on your report.

good idea

I always stayed away from credit cards and its unusual to see a 25year old w/o a credit card but it kept me debt free... currently I have no debt (not even student loans-- full scholarships own!)

Gonna get ONE credit card and use it...

Whats better tho?

get a card with say $300.00 and use $200 and make minimum payments for say 10months.. Or pay off $200.00 like b4 the minimum payment is due?? I heard all they wanna see is you make payments on time.. so doing the first scenario should be best for boosint credit!! I should be over 700 after my second issue is disputed

**juggernaut2005** · 11-11-2005, 06:38 AM

Originally Posted by Mudge

"The average FICO score is 678"

thats like experian right?? Doesn't that mean Issac and Company??

**ag-guys** · 11-11-2005, 06:40 AM

don't have credit scores here

AG
www.ag-guys.com

**juggernaut2005** · 11-11-2005, 06:47 AM

Originally Posted by ag-guys

don't have credit scores here

AG
www.ag-guys.com

you in china?

**THEUNIT(XXL)** · 11-11-2005, 07:18 AM

Originally Posted by juggernaut2005

you in china?

Who is the fattest IM member?

**Mudge** · 11-11-2005, 07:49 AM

Originally Posted by juggernaut2005

thats like experian right?? Doesn't that mean Issac and Company??

Fair Issacs yep.

Its not just that you make payments on time, but by how much each payment is vs the actual total on your card. The advice I have read is to not neccessarily pay off 100% every month either (yes I'm serious), but the majority of it. Supposedly the magic number of credit cards is 2-3, I carry only two and try to use them when I can and then pay them off.

**Triple Threat** · 11-11-2005, 09:40 AM

Where's the option for I don't know?

**NeilPearson** · 11-11-2005, 09:47 AM

We charge at least $2k on our credit cards every month but also pay them off in full every month. It gives you the benefits of having a card but you don't have to pay any interest.

**Burner02** · 11-11-2005, 09:53 AM

Originally Posted by juggernaut2005

good idea

I always stayed away from credit cards and its unusual to see a 25year old w/o a credit card but it kept me debt free... currently I have no debt (not even student loans-- full scholarships own!)

Gonna get ONE credit card and use it...

Whats better tho?

get a card with say $300.00 and use $200 and make minimum payments for say 10months.. Or pay off $200.00 like b4 the minimum payment is due?? I heard all they wanna see is you make payments on time.. so doing the first scenario should be best for boosint credit!! I should be over 700 after my second issue is disputed

actually, having a crest card with a higher limit is better. Do not run it up. (say more than 30%) and keep it paid down.
if u have a 300 $$ card and have 200$$ on it, it is nearly maxed out. Looks better tohave a 1000$$ card and have 200$$ on it..and then keep paying it on time.
Some things I am working on, is using a CC to pay for things I am already buying anyway: utilities, gas, food, etc. Then pay that balance off. It revolves debt faster and builds credit. U have to sped the $$ anyway. Might as well make it work for you.

**juggernaut2005** · 11-11-2005, 10:01 AM

Cool! Man you gotta keep an eye on your credit. I wish I did at 21ish. So the trick is less than 2 creditcards and making payments on time as opposed to paying in full

**Burner02** · 11-11-2005, 10:05 AM

yep..have a small balance, it is active and revolving.

**juggernaut2005** · 11-11-2005, 10:39 AM

Originally Posted by Burner02

yep..have a small balance, it is active and revolving.

cool.. thanks

so from a C with $300imit.. spend $200-250.00, make payments on that 200-250 and keep 50-100bucks on the card

**juggernaut2005** · 11-11-2005, 10:39 AM

noone in the 330-460 range? Guess foremanrules hasn't voted.

**juggernaut2005** · 11-11-2005, 10:41 AM

Originally Posted by Burner02

actually, having a crest card with a higher limit is better. Do not run it up. (say more than 30%) and keep it paid down.
if u have a 300 $$ card and have 200$$ on it, it is nearly maxed out. Looks better tohave a 1000$$ card and have 200$$ on it..and then keep paying it on time.
Some things I am working on, is using a CC to pay for things I am already buying anyway: utilities, gas, food, etc. Then pay that balance off. It revolves debt faster and builds credit. U have to sped the $$ anyway. Might as well make it work for you.

good idea.. so use CC for my cell bill, utlities etc... good idea!

**wetnwild** · 11-11-2005, 10:53 AM

Originally Posted by juggernaut2005

and tips on raising it and/or keeping it high

There are many ways to keep it high and raise it, within a matter of months..

1.First make sure you pay all your bills on time'

2. Watch you income to debit ratio

3. Make sure you don't have too much revoling credit even if there are no balances or low.

4. Make sure you don't open store credit credit cards..i.e Macys, target etc

5. Don't close to many accounts at once.

3.

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