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jodice5940

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can assets be linked so they help your credit
I have signifigant savings and therfore do not use credit often. How can the value of these assets be used to improve my score.

Right now I am being penalized for saving and not haveing debt. I actually pay higher insurance rates for having money in the bank.

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Credit scores is a function of using credit. If you never use the credit you have there is nothing to use to generate a score. Consequently what data they have will result in a low score.

Find our what day all of your credit cards close out for the month. Charge a small amount to the card so that it shows a balance on your statement. Then, before the statement arrives simply pay off the amount. Your report will show credit utilization and the company will report on time payments.

You could also set up your accounts so that payment in full is paid on the due date of the account but this will likely result in interest charges.

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