I have 10 revolving & 3 installment accounts listed, 0 mortgage & 0 other {no student loans, no car loans, etc}. All 13 of my accounts are in good standing. Only 4 of the accounts are open accts & 9 are closed… with 0 currently past due & 0 negative account history. I’ve had 5 inquiries in the last 12 months. I have 4 credit cards – 2 Visa’s, 1 Mastercard, 1 dept store...totaling to $6590 in avail credit. Im never above $3400 used (abt 50%)
I was recently sent an approval for an AMEX green charge card. I have heard they are hard to get, & was considering getting it (only bc I thought it might ‘look’ good)... Wouldn’t charge much tho since it must be paid in full.
My question: I’ve never had any long term debt (ie student loan, car loan, mortgage)… should I co-sign on my fiancé’s car loan that he just opened? Will that raise my credit score since its long term debt (& YES it will always be paid on time)? Plz help! Score is 720 now, want 770 in 1yr! Will the AMEX 'look' good?
2007-08-17
04:05:34
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13 answers
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asked by
NVmeInNYC
2
in
Credit