mountainngirl2

1 Contributions 122 People Helped

Member Since: January 2012

Most Helpful Contribution

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Jul 19, 2012
Helpful to 122 out of 139 people

At a credit repair clinic I attended the leader said to get a credit card and use it all the time and pay on it weekly. He said you buy gas, pay your electric bill, buy groceries, right? He said to raise your credit score...... You have $100.00 to use for groceries. You go to the grocery, charge $100.00 on your credit card then take that $100.00 put it in the bank, write a check or use your debit card and pay $100 on your credit card. YOu do that with all of your bills you are paying for anyway. Charge it and then make the payment. So in a months time even though you may have a $500.00 balance if you charged your groceries, gas, electric bill, phone bill, water bill and pay it back with the money you were going to use to pay it you may have charged twice the $500.00 limit on the card. YOU CANNOT HOWEVER CHARGE IT AND THEN SPEND THE CASH AND MAKE MINIMUM PAYMENTS. YOU HAVE TO CHARGE IT AND PAY IT CHARGE IT AND PAY IT..............

Activity (1 Total Contributions)

The Relationship Between Your Credit Score and Credit Card Utilization Rate

Jul 19, 2012
Helpful to 122 out of 139 people

At a credit repair clinic I attended the leader said to get a credit card and use it all the time and pay on it weekly. He said you buy gas, pay your electric bill, buy groceries, right? He said to raise your credit score...... You have $100.00 to use for groceries. You go to the grocery, charge $100.00 on your credit card then take that $100.00 put it in the bank, write a check or use your debit card and pay $100 on your credit card. YOu do that with all of your bills you are paying for anyway. Charge it and then make the payment. So in a months time even though you may have a $500.00 balance if you charged your groceries, gas, electric bill, phone bill, water bill and pay it back with the money you were going to use to pay it you may have charged twice the $500.00 limit on the card. YOU CANNOT HOWEVER CHARGE IT AND THEN SPEND THE CASH AND MAKE MINIMUM PAYMENTS. YOU HAVE TO CHARGE IT AND PAY IT CHARGE IT AND PAY IT..............