Anonome

26 Contributions 184 People Helped Top Contributor

Member Since: July 2014

Most Helpful Contribution

how can i increase my credit 100-150 points within a few months

Oct 15, 2014
Helpful to 90 out of 121 people

 It still could take a little time. I started from zero with a touch of bad but mostly no credit. I got a rediculous card at first with high interest and monthly and yearly fees. Soon as my credit built up with some payments, yours isnt terrible, mine was in the 5's, I was able to get a better card. Dont spend much of your available credit. REALLY try and keep it lower than 30% and your uliliztion will look better and help your score rather quickly. im my case opening a new account with a higher ballance and transfering my debt to it (15 months 0% interest but was a 3% fee to do it) saved a lot of money over paying a couple of cards at 20-24% interest. If you have a good utilization % then you might even close the old account but if you are looking at a big purchase soon then it may be better to keep it open. Either way, my closing that horrible card actually made my score rise because of the newer better replacement card showing up. Again mine was in the 5's so it took a bit for new expanded credit acceptance but once it did it is currently going up very quick and am almost 700's. Id plan on a year though if you have negative stuff but you are ahead of me with your starting score already. 

Activity (26 Total Contributions)

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IF I CLOSE ACCOUNT HOW DOES THAT CHANGE MY CREDIT

Oct 15, 2014
Helpful to 10 out of 10 people

 It may or may not actually drop your score or your credit age if it is an older account. If you are looking to buy something big soonish I might not close it. But if fees ect are a concern I might. If you are still looking at building your score up, get another/better card with a higher limit and or better fees or interst to replace the one you may close. I did that and closing my older account still ended up raising my score instead of dropping it. It would build back up again anyways but this was faster. If you arent concerned about scores and new purchaces in the short term then it shouldnt affect you much.

First PREMIER® Bank MasterCard® Credit Card

May 16, 2015
Helpful to 13 out of 14 people

as everyone says, use it to build credit if needed then get a new one with better rates ECT as offers come in. Beware of their second card offer. It has the same fees ECT as the first one does. Instead of increasing good credit, they double charge for more of the same on a second card. Otherwise it works as it should if you are careful.

why did my credit score drop. I'm paying on time.

Oct 15, 2014
Helpful to 7 out of 7 people

 I hate the game but it must be played if I want a house ever. Agree with the above. Mine dropped A LOT when I went over 60% usage on a certain card even though payments were always good. I took a plunge and paid them down to 20-30% to lower balances and it quickly came back up. 

"commonwealth finance" Who are they?

Oct 15, 2014
Helpful to 5 out of 5 people

I personally am very tired of CAP one. I was sent pre-qualifications which I kew I may or may not get, but after they denied me I still have them filling my PO box with pre-qualifications. Sometimes a soft inquiry as well. These arent affecting anything but my name should be removed for sure. 

where can I get a credit card to pay off all my crdit cards at a decend rate

Oct 15, 2014
Helpful to 5 out of 5 people

 Check into the suggestions here at CK. It doesnt guarantee you will get the new card but if your recent history is good and score isnt too bad, then you should be able to do a ballance transfer. Look for cards (recomended) that have a 12-15 month introductory rate of 0% interest and plan on trying to pay your transfered ballance within that time. Thats where you can save some money and likely with higher limits on the new cards it will raise your score too. As long as you dont spend too much of your possible limit. 10-30 % has helped my scores a lot. When you go above 50%-60% its likely your score may drop some because of your utilization. 

how can i increase my credit 100-150 points within a few months

Oct 15, 2014
Helpful to 90 out of 121 people

 It still could take a little time. I started from zero with a touch of bad but mostly no credit. I got a rediculous card at first with high interest and monthly and yearly fees. Soon as my credit built up with some payments, yours isnt terrible, mine was in the 5's, I was able to get a better card. Dont spend much of your available credit. REALLY try and keep it lower than 30% and your uliliztion will look better and help your score rather quickly. im my case opening a new account with a higher ballance and transfering my debt to it (15 months 0% interest but was a 3% fee to do it) saved a lot of money over paying a couple of cards at 20-24% interest. If you have a good utilization % then you might even close the old account but if you are looking at a big purchase soon then it may be better to keep it open. Either way, my closing that horrible card actually made my score rise because of the newer better replacement card showing up. Again mine was in the 5's so it took a bit for new expanded credit acceptance but once it did it is currently going up very quick and am almost 700's. Id plan on a year though if you have negative stuff but you are ahead of me with your starting score already. 

Will opening a credit card raise your score?

Oct 15, 2014
Helpful to 29 out of 40 people

 Good advice from the other two responces. Sometimes as in my first and second card (which fee was lower than the first but still) A fee was acceptable to me. I had to start somewhere. Within a year I have closed my first account because the fee(s) were outrageous but it did allow me to get my second card with a low fee and 2 others with no annual fees in a year or a little more. I worried a bit about closing the first but in the end my score still rose because i had opened a no fee, better rate card with a larger limit in its place. This stuff works but it is kind of a game. As long as you realize that and are carefull with payments and charges, you can do a lot in a year. Good luck. 

Chase Slate®

Mar 16, 2016
Helpful to 2 out of 2 people

You would have had zero for 15 months, then goes to your 18%

How can I save $169 to $763 per year (your ads) when I pay the full balance every month?

Oct 15, 2014
Helpful to 2 out of 2 people

Yeah. If you have no interest then it must be rewards they are showing. I wasnt going to get another untill my interest rate decreases, they suggested a certain card. it offered 2% back on all gas, grocery and utility payments on it. I got it and then ill just pay my monthly bill with it and pay in full. The other has 5% for 3 months every other 3 months for gas. Ill switch a little and get some money back. 

how can i start building my credit with me being 20 years old?

Aug 20, 2014
Helpful to 3 out of 4 people

I started with a store card as stated above. Well Fingerhut and Amazon. After some timei got a card but it has a high interest rate and yearly/monthly fees. I saw it as a necessary evil and did it anyways to build credit. Just today I got a consolidation credit card to pay off two others. No yearly fees and 12% lower ininterest because I pay on time every month. I can now close the one with the high fees. If you are smart about payments and everything you can do a lot in a year or so. 

Chase Slate®

Mar 16, 2016
Helpful to 1 out of 1 people

Glad it worked out for you. Well, except score. Lol but that would have happened anyways.

Chase Slate®

Mar 16, 2016
Helpful to 1 out of 1 people

I seem to like chase too even though I didn't bank there. I'm hoping ill get this one even though I have amazn(chase) & freedom. Treated right, credit is actually a worthy subject. I would have disagreed/not cared 5 yrs ago. Lol. Now to teach the tricks to others.

Chase Slate®

Mar 16, 2016
Helpful to 1 out of 1 people

Also if this was in the recent past, you should still qualify for 0% for 15 months. Plan on paying it off in full during that time.

How can I save $169 to $763 per year (your ads) when I pay the full balance every month?

Oct 15, 2014
Helpful to 1 out of 1 people

 Oh I agree. These are adds so be careful at least and really check stuff out. CK has honestly been a big help to me and my "tactics" lol and some of the people here as well. 

How can I consolidate my bills

Aug 20, 2014
Helpful to 3 out of 5 people

CK has suggstions for doing that either with cards or personal loans. It doesnt guarantee you will get them though. I did just today actually. Got a pre-approved for a loan that was suggested but didnt take it because the credit card consolidation one accepted me as well, at a lesser % of interest.  The loan info didnt ding my credit but the card one did. It just saves more over time. 

my credit score is 507 what would be the best credit to help raise my credit score

Oct 15, 2014
Helpful to 7 out of 12 people

To 91Kittys2, Some card fees are horrific and others not so bad. My first premier card (was my first card and had neg/or no credit) Had crazy interest and a yearly plus a monthly fee. I would have been paying 200$ a year just to keep $700 in credit. It did what it should and I cancelled for those reasons but before I cancelled I got a second card that had reasonable monthly fees (ill likely cancel it after next summer when Im going to try for a home purchace, I dont want to lower my credit age anymore than it is before then). The next two cards have no fees and much better interest rates, plus I transfered my ballances from the first cards. I now have 15 months at 0% interst to try and pay them off. i can in my case. There is a 3% fee I believe for ballance transfers but thats way better than 20-24% interest. 

What is the best way to boost my credit 25 points? It's 726 right now

Oct 15, 2014
Helpful to 1 out of 2 people

Getting under 30% utilization helped me a lot. Sorry but Im not as aware of how student loans and car payments affect the score or "available" credit? I know my partner got in an accident this winter. it wasnt his fault but since they totaled it, his replacement that was covered by insurance dropped his score. They basicaly re-started his loan date with the new car payments. Making it look like a whole new loan with a new payment history. Anyways im not sure what you just paying it off would do. Anything you could pay but not add new debt Im fairly certain would look good though. 

Does it make sense for me to use an 18 month 0% Balance Transfer and Introductory rate?

Oct 15, 2014

 It helped me a lot. Im not sure id worry about 2.9% but I dont know what a loc is or how long you pay ect. I did have a 3% transfer rate. In my case it helped because I got 15 months 0% to pay on 2 20-24% cards. So it was worth it. 

Why did my credit score drop 12 pts when I made my only payment in full 2 days early?

Oct 15, 2014

Credit Karma doesnt adjust your scores or inquiries in any way. It makes suggestions and estimates your score to help you correct these things yourself. you will have to talk to one of the 3 credit places or your debtor to have the remark removed. 

Is it better to have one card with zero utilization rate or many (2-3) with less ut rate ?

Oct 15, 2014

Yes but you could also save a bundle on higher interest cards if you were to pay it off first (or if possible, get a new card and a ballance tranfer to it. Most have 12-15 months at 0% interest, giving you time to pay them off)  Depends on your goals. After my learnig curve here I will NEVER go over 50% UT even in an emergency. 10%-30% is much more managable and helps scores a lot. 

Is it better to have one card with zero utilization rate or many (2-3) with less ut rate ?

Oct 15, 2014

 Thats great news. Ive been considering a CU account but I guess this confirms it. It has helped me tremendously (once my credit was good enoughf for no fee cards) to transfer ballances to a new higher limit card. I now have 15 months at 0% interest to pay  off those transfers. Saving me a lot vs paying on a couple of 20-24% cards. 

Is it better to have one card with zero utilization rate or many (2-3) with less ut rate ?

Oct 15, 2014

 I also agree with this. Getting to less than 50% as stated in a previous post helps a lot. So did getting to 30% but I am going for a home loan hopefully next summer and it was my goal to get them all in great standing. Otherwise if you are just aiming at saving money in the long run, then paying off the highest ballances and highest interest rate cards is the way to go. I truly hate this game but after learning some ins and outs, you can really do a lot in a year or two. Im now managing my partners accounts to do the same with his scores/credit. 

Is it better to have one card with zero utilization rate or many (2-3) with less ut rate ?

Oct 15, 2014

 I agree. After you reach the less than 50% mark, then strive for 30% and then even lower to 10%. Each mark seems to help score more than the one before it. 

How can I raise my credit quicky?

Oct 15, 2014
Helpful to 2 out of 5 people

I checked out the new car loan myself. Now this was only in the CK simulator but it dropped me 8 points. In the long run Im sure it would raise it and 8 points isnt terrible. It can gain that back in a month or two im sure. I still need a car personally and the loan will eventually help. I might not go get a car just because, if I didnt need one at all. 

How can I raise my credit repost by 100

Oct 15, 2014
Helpful to 1 out of 3 people

No, CK does not hit your credit showing you this score. It is only from one agency though and does not reflect your other scores or ways of reading credit. It is a good guide line though to get a handle on things. Applying for cards ect will show on your score but may be helpfull in fixing your credit and/or building it. 

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