Comments on: Elements of Credit http://blownmortgage.com/2008/04/07/elements-of-credit/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Denver Mortgage http://blownmortgage.com/2008/04/07/elements-of-credit/comment-page-1/#comment-12489 Denver Mortgage Tue, 08 Apr 2008 01:29:33 +0000 http://blownmortgage.com/?p=975#comment-12489 When it comes to type of credit, finance companies and non-major credit cards (such as a store credit card) are frowned upon. As far as utilization, transferring balances from one credit card to another can get your debt ratios down on individual cards. <br><br>One way to boost credit score is to use cards that were previously dormant. Zero balance cards are good for score, but they are discounted if those lines of credit are not used. Having a card that collects dust in your drawer will not help your score as much as if you went out and charged something on that card. Use those cards, but try not to carry balances or keep your balances as low as possible. When it comes to type of credit, finance companies and non-major credit cards (such as a store credit card) are frowned upon. As far as utilization, transferring balances from one credit card to another can get your debt ratios down on individual cards.

One way to boost credit score is to use cards that were previously dormant. Zero balance cards are good for score, but they are discounted if those lines of credit are not used. Having a card that collects dust in your drawer will not help your score as much as if you went out and charged something on that card. Use those cards, but try not to carry balances or keep your balances as low as possible.

]]> By: Denver Mortgage http://blownmortgage.com/2008/04/07/elements-of-credit/comment-page-1/#comment-72083 Denver Mortgage Tue, 08 Apr 2008 01:29:33 +0000 http://blownmortgage.com/?p=975#comment-72083 When it comes to type of credit, finance companies and non-major credit cards (such as a store credit card) are frowned upon. As far as utilization, transferring balances from one credit card to another can get your debt ratios down on individual cards. <br><br>One way to boost credit score is to use cards that were previously dormant. Zero balance cards are good for score, but they are discounted if those lines of credit are not used. Having a card that collects dust in your drawer will not help your score as much as if you went out and charged something on that card. Use those cards, but try not to carry balances or keep your balances as low as possible. When it comes to type of credit, finance companies and non-major credit cards (such as a store credit card) are frowned upon. As far as utilization, transferring balances from one credit card to another can get your debt ratios down on individual cards.

One way to boost credit score is to use cards that were previously dormant. Zero balance cards are good for score, but they are discounted if those lines of credit are not used. Having a card that collects dust in your drawer will not help your score as much as if you went out and charged something on that card. Use those cards, but try not to carry balances or keep your balances as low as possible.

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