Why is my FICO score dinged for credit card balances I pay in full?

Posts Tagged ‘Improve Credit’

Why is my FICO score dinged for credit card balances I pay in full?

By Author on Thursday, September 23rd, 2010 | 3 Comments

My credit score is good, but it is lower that it might be because I have "too many accounts with balances." I have not carried a balance on a credit card in years. I just use them for convenience and airline miles, and pay the full balance every month. As I see it, this should [...]

Does my checking account/savings balance effect my credit score or fico score?

By Author on Tuesday, September 21st, 2010 | 3 Comments

I have an unusually low checking balance/savings balance right now and I would like to know if applying for a credit report/fico report at a later time (when i have more money) would improve my score. Related Credit Card Sites Conference: the half-time score Credit Report Free Score | What is A Good Credit Report [...]

What credit score do I realistically need to even qualify for a home loan?

By Author on Monday, September 20th, 2010 | 6 Comments

I am not talking about a great interest rate loan, but just baseline, what credit score do I need to qualify for a loan at all? Due to some student loan troubles over the last 12 months, my credit score plummetted into the 500s (from around 700), but I make 6 figures with minimal debt [...]

How do I switch credit cards and not affect my credit score?

By Author on Sunday, September 19th, 2010 | 2 Comments

I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this "possible credit" to go towards the new card. I heard once that canceling a credit card has a negitive effect [...]

will a home loan improve my FICO score?

By Author on Wednesday, September 15th, 2010 | 7 Comments

I recently purchased a home, but the loan has not shown up on my credit reports. How long does this take to show up (2 payments made so far), and will it improve my FICO score? Thanks! Related Credit Card Sites What Makes Up Your FICO Score | Chaiyapim.NET

Credit Cards For Fair Credit

Posts Tagged ‘Improve Credit’