I have a question:

Im trying to improve my credit score.
Currently my score is 690 which isnt so bad but its bad.

I've heard that its better to roll over a balance to the following month to show a consecutive payment history.

Typically what I do is if I charge say 500 a month on the card, I pay off 500 at the end of the month. Which shows im responsible in paying but, my goal now is to increase my credit score.

If anyone could give me some advice I'd appreciate it.
Better yet, Ill email you a big Thank you

 

How long have you been using credit?

 

borrow some money from the bank say 5g's or so and put it up. Then make about 6 monthly payments on it then pay the rest in full. That always helps!

 

Yeah there are a lot of factors. For what you are talking about, if you pay the balance in full every month your credit score should show 0 every month (for a zero balance) versus C which shows an account which is being paid on time. There are so many other factors that can increase or decrease your score. For example, total revolving credit limit and the proportion of that which is available is big. However, it is all a double edged sword because if you have one credit card for say, a $500 limit with a $400 balance; you show a low revolving credit balance, but also a low availability. If you have say, 5 cards all with $3000 limits and a $400 balance on one card, you get points for the proportion of your balance to available credit, but will then get hit for having so much available credit. Your credit score is such a tangled web.

 

werd! thats why you should just live your life normally pay on time and get credit card use tehm once in a while. having a unpaid ballance on a credit card does not necessarily affect you credit negatively... along as you pay you rminimum. dont try to screw the credit systme it's very good at doing what it does...

 

The only card im using to rollover my balance is my dell card.
I bought a pc last yr so i figured ill increase my credit by just paying that monthly.
Im looking into a laptop now so i may go ahead and charge that card again.

 

or maybe they ( credit card companies ) are mad at me cause I dont accure finance fees. Which = no money for them...lol

 

Um no............that shows erratic payment history.

Its good to have a rolling balance on a credit card or too. They say about 1500 or so is good to have roll over month to month then it shows the creditors that you aren't just waiting to make 1 big purchase and are smart about it. Another thing is you want around 3 or 4 open trade lines. Student loans also look pretty snazzy on credit reports as well because not only are you making regular payments, but you are now an educated man

 

Give me an idea of how many cards you have, balances, etc and I can give you some tips on how to increase your score. With a 690 there is something else there that you have not mentioned. You can PM me if you wish.

 

hey dont PM. not that i wanna be nosey, but i feel like im in a similar situation w/ my credit and wanna hear about ways to improve. sharing is caring...