Friday, July 30, 2010

Advice for building credit and credit cards?!?

Is it best to make a large payment, like 50% of the debt or make a payment for a lower amount for Twice as much of the Minimum Payment. Or is it even better on your record if you pay it all off immediately.





thanks.Advice for building credit and credit cards?!?
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - creditreport.imess.netAdvice for building credit and credit cards?!?
Don't try to do anything special to influence your credit score, that's a fool's game. Credit will come naturally to people with good incomes, plenty of resources and a pattern of responsible behavior. Be one of those people.





For your financial health you should use your credit card sparingly and pay it back as fast as you can afford. Any time you borrow or waste money you take it away from your future self.
from what iv heard its best to have the full amount to pay it off but make many small payments to have a record on how many times you have paid consistently. I'm not a financial advisor but this seems pretty reasonable to me.
Usually, it's best to pay off your purchases in full everytime. If you are going to carry a balance it's best that it not be more than 10% of your credit limit or it could lower your credit score
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