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ryan.wagoner
Joined: 28 May 2008
ryanwagoner's page
Posts: 1
37 Magic Points
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Subject: Want to imrove my credit score
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Wed May 28, 2008 11:38 pm
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| I have about 9 revolving accounts open with $0 balances in my credit report. what is the best way to close these to improve my credit score? or should I leave them open? I don't need them |
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CMBV22
Joined: 08 May 2008
CMBV22's page
Posts: 382
4309 Magic Points
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Thu May 29, 2008 4:19 am
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leave them open atleast ubtil they expire. The older your positive credit hisory the better your score. I would also suggest that you put something small like, a tank of gas on the card and pay it off at the end of the month. You want active credit,.
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info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:
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http://homecreditrepair.hqforums.net/ |
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Laura
Joined: 21 Jun 2007
Laura's page
Posts: 1402
34547 Magic Points
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Thu May 29, 2008 10:44 am
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Hi Ryan
It is true that older is your credit account, the better is your credit score and so it is advisable not to close any old accounts as it will hamper your credit score. You can keep the credit account active by paying your utility bills regularly as CMBV pointed out. You need not worry about your credit rating if you keep your expenditure under control and pay your bills on time.
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Regards,
Laura. |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Thu May 29, 2008 1:18 pm
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about 35% of your credit score depends upon your credit history and so credit history constitutes an important part of your credit report. So more old is your credit account, the better it is. Only try to keep these cards active by paying utility bills or any other bills which you would have otherwise paid in cash every month. This will improve your credit score and so you should not close these accounts, rather maintain these accounts efficiently.
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SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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creditcardwarehouseonline
Joined: 28 May 2008
creditcardwarehouseonline's page
Posts: 26
1180 Magic Points
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Fri Jun 06, 2008 11:57 pm
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| you need to start using some of your credit. 0 balances can actually neg effect your credit score. You should be using about 10% of your total avaiable credit monthly. So use the cards and pay them off in full. |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
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Sat Jun 07, 2008 7:17 am
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yes, a zero balance does not put you in a good situation. You can start building your credit by paying your utility and other monthly bills through your card and then repaying the debt amount on time. In this way you will have a good credit history and your credit score will increase and your future possibility of getting a debt at affordable rates will be much higher.
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Keep in touch
Carol |
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George Daigle
Guest
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Subject: utilities onmy Credit Report
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Thu Sep 17, 2009 7:23 pm
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| how can I get my utility bills in good standing reported on my credit report? |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
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Subject: improve credit score
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Tue Oct 06, 2009 10:25 am
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| I've been late on a few Utility bills, but, the Utility Co's have never reported it to the CB. I think there is actually a website you can go to (I don't know the name of it, however), that you can have your rent, house payments, utility payments, etc. reported to the CB's, to improve your credit. However...I think this program charges you a fee every month for using them. |
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