How to build your credit?

Breh the HitMang

Thank You Kobe
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stay at 10% credit usage if you have a credit card, and always pay it on time

if you have a $500 dollar credit limit
only use $50

if you have $1000 credit limit only use $100
 

SupaVillain

Keep your glory, gold and glitter
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update: my credit score is now 701, I have been using capital one and my line just got increased $4500
 

Ahadi

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Quick question about utilization,

So basically leave 7% on my balance until the statement date & pay it off the following month correct?

Right now my utilization is 0
 
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Obreh Winfrey

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Quick question about utilization,

So basically leave 7% on my balance until the statement date & pay it off the following month correct?

Right now my utilization is 0
If you're trying to game your score and show utilization, you'll leave 7% on your card. When you get the bill it's essentially a snapshot in time and that 7% will report to the agencies. You can then pay it off.
 

Ahadi

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If you're trying to game your score and show utilization, you'll leave 7% on your card. When you get the bill it's essentially a snapshot in time and that 7% will report to the agencies. You can then pay it off.

Got it. Thank you.
 
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A lotta people just pay people with good credit to put them as an authorized user to beef up their score or start over with a CPN
 
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