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How to improve your credit score ... get credit cards and pay most of them off, but never close them. Once you have established credit you will then be offer 0

How to improve your credit score ... get credit cards and pay most of them off, but never close them. Once you have established credit you will then be offer 0 APR credit cards for 12 to 48 months. With a zero APR credit card that has a balance say of 10,000 your monthly minimum payment is 1% of that so $100. $20,000 $200 a month ... once the APR promo ends transfer it to another card with zero APR. Closing credits has hurt my credit so i keep them open and locked, as well establish email alerts on all of them for different scenarios to monitor them.

silisili 3y ago
Not necessarily. My credit today is good, but not perfect. I have trouble getting any new credit card. All for the same stated reason - too much available unused credit. I'm sure my score would dive if I closed a bunch, just pointing out that having a bunch isn't always a good thing.
- throwaway68911 3y ago
  I subscribed to both the Experian and Transunion apps. Both I quickly open either app and lock or unlock my credit(Transunion allows you to lock/unlock Equifax too). I can also see my credit scores as much as I want and ensure that I am using no more then 30% of my total accumulated credit limit. For example say I have 10 credit cards equally $100,000 combined then as long as don't have credit debt higher then $30,000 my credit remains good to very good to excellent. Your score will be negatively affected if your debt went to 31K and higher. Another good thing is both apps alert me immediately when theres a change to my credit. I pay about $50 a month for both, expensive yet well worth it especially if your looking to buy a house(s) and you overall really care about your financial health/score for present day or the future.
  - orangepurple 3y ago
    I pay nothing for these services, have lived rent free for 3 years, purchase and pay off my credit cards to the tune of $2000 a month, and just bought a house hundreds of thousands over 500k with an interest rate 1.75% to 2% below what is shown on Google for the current rates for 30 year fixed rate. The lender credited me for all points. You don't need to waste 50 a month to make the bottom of the rate sheet. Just good negotiation skills and reasonable credit history.
    - throwaway68911 3y ago
      That's cool and I was explaining how these apps have proved valuable and prove valuable to me. It is a bit of a racket, but I learned a lot by using them and able to lock/unlock my credit instantly (easily) and the other points that I mentioned that I found valuable (worth the cost). How many know they can rack up $10,000 in credit card debt and only pay $100 a month with a zero APR card? Im not sure many know this especially those in their 20s and maybe early 30s. So whose your lender.. love to get a 2 percent interest rate on my next house. Moving into one soon and its much higher then that.
      - orangepurple 3y ago
        1.75 to 2% below market, not 2%. Nobody is giving out 2% loans right now haha

silisili 3y ago

Not necessarily. My credit today is good, but not perfect. I have trouble getting any new credit card. All for the same stated reason - too much available unused credit. I'm sure my score would dive if I closed a bunch, just pointing out that having a bunch isn't always a good thing.

throwaway68911 3y ago
I subscribed to both the Experian and Transunion apps. Both I quickly open either app and lock or unlock my credit(Transunion allows you to lock/unlock Equifax too). I can also see my credit scores as much as I want and ensure that I am using no more then 30% of my total accumulated credit limit. For example say I have 10 credit cards equally $100,000 combined then as long as don't have credit debt higher then $30,000 my credit remains good to very good to excellent. Your score will be negatively affected if your debt went to 31K and higher. Another good thing is both apps alert me immediately when theres a change to my credit. I pay about $50 a month for both, expensive yet well worth it especially if your looking to buy a house(s) and you overall really care about your financial health/score for present day or the future.
- orangepurple 3y ago
  I pay nothing for these services, have lived rent free for 3 years, purchase and pay off my credit cards to the tune of $2000 a month, and just bought a house hundreds of thousands over 500k with an interest rate 1.75% to 2% below what is shown on Google for the current rates for 30 year fixed rate. The lender credited me for all points. You don't need to waste 50 a month to make the bottom of the rate sheet. Just good negotiation skills and reasonable credit history.
  - throwaway68911 3y ago
    That's cool and I was explaining how these apps have proved valuable and prove valuable to me. It is a bit of a racket, but I learned a lot by using them and able to lock/unlock my credit instantly (easily) and the other points that I mentioned that I found valuable (worth the cost). How many know they can rack up $10,000 in credit card debt and only pay $100 a month with a zero APR card? Im not sure many know this especially those in their 20s and maybe early 30s. So whose your lender.. love to get a 2 percent interest rate on my next house. Moving into one soon and its much higher then that.
    - orangepurple 3y ago
      1.75 to 2% below market, not 2%. Nobody is giving out 2% loans right now haha