http://yourfinancequestions.com/credit-cards/improving-your-credit-score/ Personal Finance Questions gets answered. Ask away! Mon, 28 Feb 2011 08:25:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://yourfinancequestions.com/credit-cards/improving-your-credit-score/comment-page-1/#comment-40 YourFinanceQuestions.com » Blog Archive Tue, 02 Sep 2008 20:18:23 +0000 http://yourfinancequestions.com/?p=13#comment-40 [...] In the second scenario, if you are looking to purchase a home or take out an automobile loan or student loans from a private lender, then I would be hesitant to open two new credit cards.  At the same time, if opening new credit cards will help you save a good amount of money in interest payments, then you should do that.  It is important to maintain a good credit score, but it would be foolish to pay thousands of dollars in interest in order to salvage your credit score.  Be sure to pay your bills on time, even if it is just the minimum, and keep your debt to credit ratio in check in order to improve your credit score. [...] [...] In the second scenario, if you are looking to purchase a home or take out an automobile loan or student loans from a private lender, then I would be hesitant to open two new credit cards.  At the same time, if opening new credit cards will help you save a good amount of money in interest payments, then you should do that.  It is important to maintain a good credit score, but it would be foolish to pay thousands of dollars in interest in order to salvage your credit score.  Be sure to pay your bills on time, even if it is just the minimum, and keep your debt to credit ratio in check in order to improve your credit score. [...]

]]> http://yourfinancequestions.com/credit-cards/improving-your-credit-score/comment-page-1/#comment-16 Daniel Wed, 06 Aug 2008 17:00:33 +0000 http://yourfinancequestions.com/?p=13#comment-16 I read similar article also named Improving Your Credit Score, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me I read similar article also named Improving Your Credit Score, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

]]> http://yourfinancequestions.com/credit-cards/improving-your-credit-score/comment-page-1/#comment-11 Matt Tue, 10 Jun 2008 03:59:55 +0000 http://yourfinancequestions.com/?p=13#comment-11 Thanks for the info. #2 is huge!! Credit ratio is definitely highly weighted in determining the credit score. I get a free TransUnion score update each month through my Wamu Visa card & it can really swing big as I need to use my CC's for hefty business expenses at certain times of the year. Thankfully, my score goes right back up after big payments are made. Thanks for the info. #2 is huge!!
Credit ratio is definitely highly weighted in determining the credit score. I get a free TransUnion score update each month through my Wamu Visa card & it can really swing big as I need to use my CC’s for hefty business expenses at certain times of the year. Thankfully, my score goes right back up after big payments are made.

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