Natalicio23

4 Contributions 36 People Helped

Member Since: June 2014

Most Helpful Contribution

Trends by Age

Jun 26, 2017
Helpful to 21 out of 60 people

If you're paying them off before they report, it is harming you more than helping.  Be cautious of paying back too often or too quickly.  And don't forget that your debt to income ratio is a high factor when being considered for loans, mortgages, financing, etc.  If it doesn't look like you're pulling more money into an account than you're spending on your bills each month your dti ratio might keep you from utilizing that good credit score,

Activity (4 Total Contributions)

Trends by Age

Jun 26, 2017
Helpful to 15 out of 15 people

If you have a grandparent or someone who has a very old account, get them to put you as an authorized user and it will skyrocket your length of history and ontime payments.  Then contact the dental company with a goodwill letter just simply asking if you could please have it taken off.  The worst thing they can do is say no, but they usually have no problems if you're polite.  If the dental bill is in collections or is charged off, don't contact them.  Just wait for it to fall off unless it is brand new.  Then get yourself a couple secured cards and up your available credit, use them just for gas and things and pay them off each month.  Within a month you can have 100 pts added just from some simple measures.

Trends by Age

Jun 26, 2017

Fair isn't a thing.  You have to learn to work the system.  It's horse crap that a person who has a 720 credit score has 45 points taken off their score for making a late payment while the same late payment would take only 16 points from someone with a 520 score.  You have to think of it as a patchwork of information with which who or whatever is looking at it attempts to disseminate a pattern of behavior.  You can't be too good or you'll be expected to maintain that or be punished twice as hard as those who have been doing poorly their whole lives but make a gradual change for the better.  It's just data analysis and interpretation to determine trustworthiness and reliability.  Forget the number and focus on the things contained within.  

Trends by Age

Jun 26, 2017

While it is good to go ahead and open up as many accounts as you can keep up with and that you don't intend to close anytime soon, be careful about how many retail cards, high interest, yearly fee, etc. cards you will have to close once you have decent enough credit to get that Platinum Skymiles Amex.  Once your credit is good, it becomes a harder hit on you for every negative thing you do than it would be to someone with a lower score.  Also, your length of history will be shot to hell from the starting gate.  
Credit card companies are predatory towards people your age and they LOVE to extend long lines of credit with built in variable interest rates that are borderline loan sharking.  My advice to you is read the fine print, never miss a payment, and don't get any accounts you think you won't want to keep for awhile.

Trends by Age

Jun 26, 2017
Helpful to 21 out of 60 people

If you're paying them off before they report, it is harming you more than helping.  Be cautious of paying back too often or too quickly.  And don't forget that your debt to income ratio is a high factor when being considered for loans, mortgages, financing, etc.  If it doesn't look like you're pulling more money into an account than you're spending on your bills each month your dti ratio might keep you from utilizing that good credit score,