Wednesday, June 24th, 2009

How can you improve your credit score?

How To Improve Your Credit Score
Grant J asked:


If you buy a prepaid debit card, and pay your bills with that card, does that improve your credit score?

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This entry was posted on Wednesday, June 24th, 2009 at 12:00 am and is filed under How To Improve Your Credit Score. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “How can you improve your credit score?”

JCsimple Says:
June 24th, 2009 at 6:18 pm

Surely it will. A credit card would be better though. It shows that you can borrow money and pay it back on time.

stargazerjimbo Says:
June 26th, 2009 at 1:21 pm

Keep all your credit cards below 50% of the available balance.

I was surprised to find when we refinanced our home that and balance on a line of credit above 50% actually goes against your credit score! Who knew?

ramogu Says:
June 27th, 2009 at 10:39 pm

I don’t think a prepaid card has any effect on your credit whatsoever. Paying your bills on time help. The fastest way to boost your score is to increase your credit limits to give you a better debt/credit ratio. According to a good friend of mine that has been in the mortgage business for 10+ years, credit is a numbers game. The better you understand it, the better you can manipulate it.

check this site

ruaclevermind Says:
June 29th, 2009 at 7:40 pm

Open accounts that report to the credit bureaus:

Pay off debt:

Delete negative items:

hakeem Says:
July 2nd, 2009 at 4:37 pm

As another user said, the better you understand credit, the better you can manipulate it. Here’s a little more information :

Enjoy!

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