Ok...so since my last credit report I have 2 new credit cards which I haven't started payments on yet, but should my score have been affected even with just the new draw on my credit?

 

id say yes

 

id say no

 

Sometimes takes a while for them to even get on there. All three agencies don't get all the same information at the same time.

 

depends on a couple of things.

1st, of your available credit, how much is used? if both are maxed, it wont look good cuz your debt ratio is higher. the more you have available, the better you will look.

2nd, are they both current? (i.e. have any payments that were due been made late or do you have payments due that havent been made at all?) if not you will be fine.

 

It should. With the new accounts you now have more available credit.

 

In relation to this...

does anyone know if you forbear (sp?) on a student loan how it affects your credit rating?

 

Well it shows that all monthly payments have been on time and what not. I have over $30K pulled out on 13 total accounts...as long as I make payments on time or pay them off faster than monthly my score will stay or even go up right?

I am also only looking at the experian of my credit report (would cost me $25 to get all three through this site I am using.)

 

the only thing that will hurt you is your outstanding balance (not implying a late balance) if you have 30k available but only like 10k in actual owed debt and your annual income is 50k, you have nothing to worry about.

if you have 30k available, 29k outstanding, and your annual income is 35k, you might have trouble getting more credit cuz you're already spread kinda thin....

the best thing to "build" credit is to show consecutive payment history. sure, paying a card off in one hit will look good but if you have "no credit" then pay on it (on time) for 6 straight months or more and it will look better than just wiping it clean.

 

Have you tried freecreditreport.com? I think you get one free per year.