credit cards?
I have a capital one card and I just got anothe credit card that is a visa. This new card isn't a very popular company because I don't have good credit so i was wondering does it still look good that I have credit cards and making my payments? Thanks
Public Comments
- As long as you don't max out the card and pay on time, your credit score will likely go up. This obviously depends on multiple other factors, including paying all your bills on time.
- yes as long as you don't abuse it by opening up to many lines of credit, that looks just as bad. But yeah keep up payments and don't be late. thats a good way yo build your credi.
- This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on your credit score. Outstanding debt The next comes your debt burden. How much you owe is a factor that according to experts carries about 30% weight in your credit score. This is 30% is based upon outstanding debt. To get a better score it is advised that you keep your outstanding debt to a minimum. Read more from: http://www.credit-card-gallery.com/article/204,5_critical_factors_affecting_your_credit_score
- It always help to do payments on time. Even better if you pay the entire balance. If there's no annual fees on the card, keep it.
