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Laval4174

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How I get good credit

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limit inquires each "hard inquiry" or each time you apply for a card,loan lower your score 3-5 points which adds up when you 3-5 inquires thats @ 15 points...even cable/cell phone (these pull your credit but DO NOT influence your score unless you miss payments for 6+ months) 

Second get utilization under 20% then after that go for 10% this will greatly improve your score so if you have a $500 limit don't use more then $100 then once you get to that level get it down to $50 takes discipline 

Third if you don't have a credit card get one capital one is the easiest to get I suggest the Quicksilver One (mastercard version) 1.5% cashback comes with a $39 annual fee but if you spend $2600 per year the cashback will pay for its self...Lowest score they approve is 563 average is 618 

And remember you need more then one line of credit to maximize your credit score credit cards are the easiest to get but wait atleast 6 months before applying for a 2nd card so you have a small history to show ... I have 3 first one Cap1 $750 limit 2nd one Cap1 $3,000 3rd BOA $3,000 with an age of accounts at 2yrs 1 inquiry 10% utilization a score of 769 so excellent credit can be had with credit cards alone in a short period you just need to pay the MINIMUM atleast every month preferably in full and use it sparingly never going over 10% utilization but if thats hard you can start at 20% the difference is only about 10 points 

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I concur w/ JR.  Several accounts; however, watch your credit/debt ratio.  That is the biggest thing that increases your APRs for other loans and what lowers your credit score.  Having avail credit is good but know how to manage it properly.

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How I get good credit 

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