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debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 594

99 Magic Points

Subject: score increase

Sat Dec 05, 2009 6:29 pm

I got a capital one credit card about a month ago and got an alert last night that they reported to Equifax and my score when up 13 points because of this. Should I try to get another credit card to see if it will raise it even more? Other than my house the credit card is all that I owe.

Doc

Joined: 02 Dec 2008
Doc's page
Posts: 184
Location: McKinney, TX

1127 Magic Points

Mon Dec 07, 2009 1:45 am

Be careful getting too many cards... A measurable increase in new accounts, especially revolving (credit card) accounts can signal a cash problem...

One of the key factors in calculating score is the age of accounts. Too many new accounts can have a detrimental effect...
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-Doc Compton, Omega Credit Repair
I provide info for free, & all I ask is that you visit my site... I don't wanna sell you anything, I just wanna increase my traffic, and push my site up in the search engine rankings...
http://www.omegacreditrepair.com

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Mon Dec 07, 2009 5:26 am

Hi Debra,

If you can pay the bills on the right time, you can get another credit card. See, the basic formula behind building up a good payment history is to pay the bills on time. Use the existing card wisely and if you get another card, use that wisely as well so that you do not end up being indebted.
_________________
All the Best Smile

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Justin

Burchard
Guest

Subject: MfhRTQFNHeUPdkzmW

Sun May 22, 2011 11:33 pm

That's way the bestest aswenr so far!

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