UberEatsDriver
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- Brooklyn keeps on taking it.
After charge offs, disputes and collections are cleared you need to follow this formula to build your credit
35-30-15-10-10
35% - Credit Payment
Pay all your debts on time
30% - Utilization Rate
Keep all balances below 30% of credit limit.
When issues a credit card know what the credit limit is and do the math to see what the number is. For example if your credit limit on a credit card is $1,000 then you should not be having a balance on that card that exceeds $300.
15% - Credit History
Keep accounts active and follow the 35-30 rules and this will continue to help your score grow
10% - New Credit
Only to apply to Credit cards that you know you will use and do not constantly apply to credit cards or personal loans especially if you know your credit score will disqualify you from being accepted.
10% - Credit Mix
Having a diverse set of credit which involves revolving retail cards, credit cards and Installment debt (personal loans, student loans, Cars etc).
Extra Notes:
**Do not get retail cards for stores you do not use. Women do this all the time. You will hurt your score because the creditor will close your retail card because of no activity and that will be a hit on your credit.
So if you shop at Best Buy a lot then please by all means get a Best Buy card but do not go to J Crew once every three years and accept a card from them.
35-30-15-10-10
35% - Credit Payment
Pay all your debts on time
30% - Utilization Rate
Keep all balances below 30% of credit limit.
When issues a credit card know what the credit limit is and do the math to see what the number is. For example if your credit limit on a credit card is $1,000 then you should not be having a balance on that card that exceeds $300.
15% - Credit History
Keep accounts active and follow the 35-30 rules and this will continue to help your score grow
10% - New Credit
Only to apply to Credit cards that you know you will use and do not constantly apply to credit cards or personal loans especially if you know your credit score will disqualify you from being accepted.
10% - Credit Mix
Having a diverse set of credit which involves revolving retail cards, credit cards and Installment debt (personal loans, student loans, Cars etc).
Extra Notes:
**Do not get retail cards for stores you do not use. Women do this all the time. You will hurt your score because the creditor will close your retail card because of no activity and that will be a hit on your credit.
So if you shop at Best Buy a lot then please by all means get a Best Buy card but do not go to J Crew once every three years and accept a card from them.
Last edited:
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