New Credit Builder 20 Years Old, How is my progress, what to do?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Wed Sep 04, 2013 6:19 pm

FutureAttorney wrote:Do you guys recommend getting more credit cards for me? ( i really dont want any more)

Not if you don't want or need any more.

FutureAttorney wrote:The only reason i want credit limit increases is so my credit card utilization will be low, right now i spend 75%+ of my limit but pay in full every month and they still don't give me an increase ive tried with both b of a and cap 1.

You can lower reported utilization by paying before the statement cuts. The statement balance is what is reported to the CRA's. With 75% utilization your scoring will be negatively impacted.

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