Credit Score?
Hi, I am new here in USA. The first thing I noticed is it is very important to build a good credit. I just want to know how to build a good credit score? I have a bank account and a visa card. I would like your advise. Thanks.
Public Comments
- Pay bills ontime.....buy house and pay mortage ontime. Bank account never overdraft, visa card always paid in advance or ontime....you will have great credit and secure future!
- Credit scores are computed by 3 agencies. Equifax, Transunion and Experian. To build a good score get a few tradelines, such as credit cards. Pay them on time, keep your balances very low, and don't get behind on any other payments because all sorts of things can attack your score if you are delinquent. If you want to buy a house soon you will want to have at least 2 credit cards. It is mainly computed by 3 things. Length of Credit History, Ratio of used credit to available credit, Payment history. You can't help the first one so do the second 2 right.
- Build good credit, you must make all payments on time. You should probably consider getting more than one credit card. Consider pulling your fico scores and do research on the best credit cards for your score. Having loans, making all payments on time, and not maxing out or having high balances, are key to having good credit.
- If you have a credit card pay your bills on time. Pay EVERYTHING on time. Never be over 30 days late. If you are new to the U.S. then you most likely don't have a social security number. If this is true then you cannot and do not have a credit background.
- start es tabling credit with a store e.g. Home Depot, wal-mart, Sears and if! if! if! if! you have to get a credit card make sure!!! you get the lowest % rate and pay it off on time and never miss a payment or don't do it . It will ruin you
