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Originally Posted by mminichan  That what I heard too! But I don't know why my credit score isn't as high as I expected since I already paid all my CC off full every month! Anyone has any suggestion how to raise credit score? |
that is good.. and is definitely helping your score! but also.. bigger purchases (like a car, etc) and staying current on all your payments(also paying more than the minimum required, etc.) also.. putting little things like the phone bill, gas, water, etc. in your name and having a long, good standing past with them as well!
im sure there are other ways.. but i know the things i've mentioned are helpful!
(also.. the amount of time you have had any credit.. say you opened a credit card when you were 18, 19, whatever.. and haven't really had anything else in your name then a few years later maybe put your cell bill in your name and open another card.. even in you have been great in paying off all your debt.. you haven't had enough history to back you(so it's positive but it doesn't have enough purchase history to back your good standing, or you may not have enough or even long enough of a credit history!) don't know if that made sense
sorry!
i dont know all the ins and outs i just know.. as long as you are current on your payments & have a couple different forms of credit.. you will build a good standing and have a good credit score (if you show consistency in everything for a long enough amount of time) then after having that history to back you(ex. 2 credit cards, a dept. store cc, cell phone in your name, along with a few bills(gas, water, etc), are in good standing with your bank, and things like that..) you will most likely be approved for a bigger purchase(such as a car..) then say you purchase a car.. you are current, pay more than the minimum, and once you start to make a dent in the amount you owe.. your credit will continue to rise! (but be careful.. there are many little things that can lower it as well.. multiple late payments, running your credit score, etc.)
now that i wrote you a novel! haha.
hope that made a little sense!