What did you accomplish today?

JustJo · 02-10-2011, 01:38 PM

Quote:

Originally Posted by desdansmoncoeur

Hopefully my credit score thanks me for paying off my credit card. I am even debating calling and lowering it to half of that. Part of my mind keeps telling me to keep my limit where it's at because maybe I might need it as an "emergency fund" - which is quite possible! and because creditors in future may see asking for a lowered credit limit as a weakness, like I don't have enough control to not spend it all? Hmm. Food for thought!

Just an FYI...if you want to improve your credit score there's a few key things...

pay your bills on time...all of them and always
have 3 open lines of credit...that's mortgages, car loans or credit cards
do not exceed 1/3 of your available credit...so if the credit card company says your limit is $1000 never have more than a $300 balance on that card

Obviously, you can't do the third one with a car payment or a mortgage in the beginning of the loan....but asking the credit card company to cut your limit in half will make it look like you've used a larger percentage of your available credit...and lower your score.

bright_arrow · 02-10-2011, 01:58 PM

Quote:

Originally Posted by JustJo

Just an FYI...if you want to improve your credit score there's a few key things...

pay your bills on time...all of them and always
have 3 open lines of credit...that's mortgages, car loans or credit cards
do not exceed 1/3 of your available credit...so if the credit card company says your limit is $1000 never have more than a $300 balance on that card

Obviously, you can't do the third one with a car payment or a mortgage in the beginning of the loan....but asking the credit card company to cut your limit in half will make it look like you've used a larger percentage of your available credit...and lower your score.

I messed it up a long time ago - deliquent accounts, ouch. All my bills now are auto-deducted: auto insurance, credit card, Netflix, World of Warcraft - for that reason. Sometimes I'll pay it ahead just for peace of mind prior to the due date/auto deduction. USAA offers CreditCheck monitoring for $5.50/month and I have that too, and it's gone up a whopping 5 points since I started it (about 6 months ago). I saw on a site a few days ago about how having a balance higher than 30% of your overall limit is actually a bad thing - I wasn't aware of this - which led me to suck it up and pay off my balance of $480 out of $500 *nods*

JustJo · 02-10-2011, 02:16 PM

Quote:

Originally Posted by desdansmoncoeur

I messed it up a long time ago - deliquent accounts, ouch. All my bills now are auto-deducted: auto insurance, credit card, Netflix, World of Warcraft - for that reason. Sometimes I'll pay it ahead just for peace of mind prior to the due date/auto deduction. USAA offers CreditCheck monitoring for $5.50/month and I have that too, and it's gone up a whopping 5 points since I started it (about 6 months ago). I saw on a site a few days ago about how having a balance higher than 30% of your overall limit is actually a bad thing - I wasn't aware of this - which led me to suck it up and pay off my balance of $480 out of $500 *nods*

Sounds like you're on the right track...and the next step is patience. It takes 7 years for the accurate, but negative stuff to age off of your record...no matter what any "we fix your credit" scam company wants to tell you. You can fix inaccuracies, but not erase your mistakes (generally).

Having said that...if you have unpaid balances that have gone to collections that still show on your credit report...sometimes you can negotiate to pay a reduced amount if they'll remove the report...but be sure to get that in writing and not just take their word for it.

bright_arrow · 02-10-2011, 02:21 PM

I need to check it again once it's free - they still had my old bank account listed as needing to be paid, and it had been paid in full. First thing I did after I got all my debts taken care of was request a letter, dated and initialed, showing my account was paid in full and when. I had no reason behind it then except I thought it was a good idea - I may need it as proof sometime it seems.

Legendryder · 02-10-2011, 04:09 PM

Got my final grades back from accounting and algebra and I managed a B+ in accounting and a B in algebra!! There is a god. Whew. Not going to be as bad on my GPA as I had thought.

Luv · 02-10-2011, 06:28 PM

Quote:

Originally Posted by Legendryder

Got my final grades back from accounting and algebra and I managed a B+ in accounting and a B in algebra!! There is a god. Whew. Not going to be as bad on my GPA as I had thought.

Congrats !!

StillettoDoll · 02-10-2011, 07:52 PM

went to work ..
6.25 miles at the gym
Made dinner
That's all folks.....

DomnNC · 02-10-2011, 10:43 PM

Quote:

Originally Posted by Legendryder

Got my final grades back from accounting and algebra and I managed a B+ in accounting and a B in algebra!! There is a god. Whew. Not going to be as bad on my GPA as I had thought.

Awesome!! Congrats to you!

carrieinNC · 02-10-2011, 10:50 PM

Finally decided to join the Planet

02-10-2011, 07:52 PM	#7
StillettoDoll Senior Member How Do You Identify?: Femme Preferred Pronoun?: Lady Relationship Status: single Join Date: Nov 2009 Location: Texas Posts: 2,824 My Photo Gallery Thanks: 2,779 Thanked 3,848 Times in 1,469 Posts Rep Power: 21474855	went to work .. 6.25 miles at the gym Made dinner That's all folks..... __________________

02-10-2011, 02:21 PM	#4
bright_arrow ☆ the stars are aligned ☆ How Do You Identify?: one queer mama Preferred Pronoun?: she/her Relationship Status: married to my Boo Daddy <3 Join Date: Feb 2010 Location: nor cal Posts: 2,910 My Photo Gallery Thanks: 3,644 Thanked 9,363 Times in 2,296 Posts Rep Power: 21474854	I need to check it again once it's free - they still had my old bank account listed as needing to be paid, and it had been paid in full. First thing I did after I got all my debts taken care of was request a letter, dated and initialed, showing my account was paid in full and when. I had no reason behind it then except I thought it was a good idea - I may need it as proof sometime it seems.

02-10-2011, 04:09 PM	#5
Legendryder Member How Do You Identify?: Butch Relationship Status: Single Join Date: Nov 2009 Location: Queen City, MO Posts: 420 My Photo Gallery Thanks: 14 Thanked 969 Times in 261 Posts Rep Power: 7270132	Got my final grades back from accounting and algebra and I managed a B+ in accounting and a B in algebra!! There is a god. Whew. Not going to be as bad on my GPA as I had thought.

02-10-2011, 10:50 PM	#9
carrieinNC Junior Member How Do You Identify?: femme Preferred Pronoun?: She, Her Relationship Status: Single Join Date: Feb 2011 Location: Soon to be in NC Posts: 5 My Photo Gallery Thanks: 1 Thanked 9 Times in 4 Posts Rep Power: 0	Finally decided to join the Planet