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sabretooth1

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Does savings have a positive effect on Credit score?
I see $0.00 as my savings, I have $22,500.00 in savings, will this improve my Credit score?

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Thakx AADeo's

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I appreciate your expedient response. This helped confirm my beleifs as to your theory. Now I will share this with the assiciate concerned. Thanks again.

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Reply by
AADeo

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You are welcome! Glad it was helpful.

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91 Contributions
79 People Helped

Savaings doesn't affect credit score

The amout of cash you have (savings or checkings) doesn't affect your credit score in any way. Ironically, though you need money to pay credit cards, the credit score is completely based upon how you borrow and repay debts, not how much you have in cash.

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