2006-07-07 05:35:16 · 10 answers · asked by sanjay_makhijani1976_29 1 in Business & Finance ➔ Credit
No, but if you pay your credit card bill on time it will.
2006-07-07 05:38:33 · answer #1 · answered by fasb123r 4 · 0⤊ 0⤋
Maybe. Credit scores are based on the amount of credit you have available to you, minus your debts. For example, if you have a credit card with a $5000 limit and you owe $4000 on it your credit score will be lower than if you only owed $2500 on the card. So the key to 'earning' a high credit score is to make sure that your Total AVAILABLE Credit does not exceed the Total of your DEBTS by more than 40 to 50%, and of course, that you pay ALL your bills on time.
2006-07-07 06:02:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
too a lot revolving debt can damage your credit. an option selection can be a small CD secured monetary corporation personal loan. in case you'll come across a monetary corporation that has no minimum personal loan quantity, then take although quantity you may have adequate money and open a monetary corporation CD. maximum banks will personal loan adversarial to their very own CD's no count number number what your credit heritage may be through the indisputable fact that is seen a money secured personal loan. now to not teach that the pastime cost will be a lot decrease than on a mastercard. placed the borrowed money into an account and set up an automatic fee from that account to the inner most loan. Then all you may ought to fret about paying is what ever pastime has amassed. wish it quite is sensible!
2016-11-01 09:17:42 · answer #3 · answered by ? 4 · 0⤊ 0⤋
She will have her bills paid..but the Bill comes on your credit card..if you carry the balance over will it will effect your score...the LOWER your overall debt is (Namely revolving) the HIGHER your score will be..most experts say carring 1%-3% is idea...I say paid in full works best. If you can pay your CC's on line for maximun effect!
2006-07-07 06:15:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, the person who has their name on the account gets the credit.
2006-07-07 05:39:18 · answer #5 · answered by shop_addict123 2 · 0⤊ 0⤋
Payments made to any account upon which you are the authorized borrower will impact your credit score.
2006-07-07 05:37:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no if it raises your debt to income ratio or if it uses mosty of yor available credit
2006-07-07 07:25:59 · answer #7 · answered by Miami Cuban Boy 1 · 0⤊ 0⤋
Once you pay them off on your card, sure.
2006-07-07 05:39:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
It will help (a little), as long as you make your CC payments on time.
2006-07-07 05:39:29 · answer #9 · answered by Brock L 2 · 0⤊ 0⤋
No- but it is helping your sisters.
2006-07-07 08:42:05 · answer #10 · answered by unclejesse1 3 · 0⤊ 0⤋