I'd had "credit" for 13 months and have three accounts open, one fully paid off as of a couple of weeks ago and the other two have higher balances but I've never missed a payment. How am i doing so far?
2007-02-19 16:31:51 · 8 answers · asked by Isabel G 2 in Business & Finance ➔ Credit
I've had my credit card for just barely over a year. How did you find out your FICO score? Most places that promise a "free" score make you cancel the service before they start charging the next month.
2007-02-19 16:44:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You're probably around 600+, but the only real way to know is to check.
If you concerned about getting a high credit score, check out these 10 steps I used to raise my credit score from 500 to well over 750 within one year:
# Know and Track Your Credit Score
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you
Read the full article here, it gives you an overview of credit scores, and the 10 steps in detail on page 2:
http://millionster.com/articles/debt/increase-fico-credit-score/
2007-02-22 09:02:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
One suggestion would be to lower your balances such that the ratio of total debt to total credit limit is under 25%.
So, if the balances on your 2 cards are $1,000 and the combined credit limit is $1,500 - that is a ratio of 67%. As an example, Paying off $700 and avoiding future charges will lower your ratio and increase your score. Length of credit history also counts so as long as you keep accounts open and in good standing, that will factor in as well.
2007-02-19 16:37:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A 638 is pretty good, but a good score isn't everything. Lenders also want to know the length of time you have had credit and your income before they give you a loan.
2007-02-19 16:44:30 · answer #4 · answered by IanMan 1 · 0⤊ 0⤋
the conventional credit status in U.S. is seven hundred, so your no longer undesirable, yet will be a touch more beneficial advantageous. basically keep on paying your expenses and doing issues on time and also you'd be up there! basically make certain no one is searching at your credit report to a lot, reason each and each and every time you or some one runs your credit report, it eliminate a bunch of issues!! also your credit report variations month-to-month, in case you pay some thing off, you wont see it till oftentimes about 30 days. solid success!!
2016-12-04 09:58:15 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Your credit score is very low.
I suggest you to open at least three more credit cards and also reduce the balance on one of your credit cards.
2007-02-19 17:44:57 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Not perfect, but not awful. You're on the right track.
2007-02-19 16:45:52 · answer #7 · answered by T J 6 · 0⤊ 1⤋
It would be considered FAIR.
2007-02-19 16:36:11 · answer #8 · answered by "Corey" 3 · 0⤊ 0⤋