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Re: One correction
Posted by AeroDave [Email] (more from AeroDave) on Fri, 31 Mar 2006 06:32:04
In Reply to: Too bad that isn't a good thing..., NickR, Fri, 31 Mar 2006 04:43:42
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Don't pay it off every month. On NPR they have the Washington Post columnist Michelle Singleterry on something like once a week answering financial questions, someone asked a very similar question a couple of weeks ago. If you pay it off every month, it won't show that you can "manage" a balance, what you need to do is carry a small balance and make at least the minimum payment each month and DON'T be late with any payments. If you do this for 6 months or so, then you can pay off the balance and have established credit.
Disclaimer, I'm just repeating what I heard, I'm not a financial professional.
-Dave
Her web site
Posts in this Thread:
- They ran my credit----I am a 'ghost', Casper, Fri, 31 Mar 2006 00:05:44
- I've never seen utility bills on my credit report, J, Fri, 31 Mar 2006 10:40:59
- Too bad that isn't a good thing..., NickR, Fri, 31 Mar 2006 04:43:42
- Re: One correction, AeroDave, Fri, 31 Mar 2006 06:32:04 <-- Viewing This Message
- I don't think so, J, Fri, 31 Mar 2006 07:38:22
- Re: Like I said..., AeroDave, Fri, 31 Mar 2006 12:02:13
- I have to agree with AeroDave, Eiron, Fri, 31 Mar 2006 11:57:26
- possibly they meant dont pay off as in closing acct...., baggsly
, Fri, 31 Mar 2006 10:09:29 - Agreed! (me too But only 750) n/m, TonyM, Fri, 31 Mar 2006 09:30:58
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