Questions tagged [credit-score]
A credit score is a weighted number computed to determine your credit worthiness, and is relevant when arranging for credit or a loan. This tag is to be used for questions related to understanding how things would impact your credit score. Related tags are credit-history, credit-rating and credit-report.
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Should I pay off my credit card online immediately or wait for the bill?
I'm a college student and I just got my first credit card (through Chase). The only reason I got the card is to try and build my credit score. I also have a checking account with Chase, and they let ...
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What does high credit utilization really mean?
I've heard and read that high utilization of credit hurts, but what does that mean exactly? Does that mean high utilization month-to-month, or simply high utilization at all, even when paid off in ...
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Should I open a credit card when I turn 18 just to start a credit score?
I spend about $20-30 a week on my debit card, with periodic $200-300 purchases every few months. I've thought about getting a credit card the moment I turn 18 and using it to buy everything, then ...
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Is there a "catch" on my "increased credit limit"?
Today I received a letter from the bank that issued my credit card. Basically it says that, since I'm "one of their best customers" my credit (card) limit has been increased.
This is the second time ...
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How can one get their FICO/credit scores for free? (really free)
TV and the web are filled with ads promising to give you a free copy of your credit report. Unfortunately, instead of being wholly free, they are actually free trials, which means:
You only get them ...
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4
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How to recover from credit score hit from paying off loan?
My credit score recently took a dip after I paid off my student loans recently.
When I look at the credit report via mint it shows a "not bad" rating for number of accounts opened. ("not bad" is the ...
- 660
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Will it hurt my credit to keep a bank account at a credit union, but not use it?
A previous job forced me to open a new account with their partner credit union. I was very uneasy about it at the time, but there wasn't room or time to really argue it. That was four years ago, and I ...
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What tools are there to investigate why my FICO score would have dropped significantly?
Please assume the basics have been considered, such as:
Credit utilization could have went up
Hard inquiries
Closed an account
Opened a new credit card
Paying off a loan
None of the above occurred ...
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10
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2
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How does Paying credit card in full VS paying with interest will affect your credit score?
What is the effect of paying credit card in full or with interest on your credit score?
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Will "rate shopping" affect my credit score?
I'm thinking of buying a car but I have a low credit score (649). I have a bank account that I've been using for the past five years so I thought I would apply at that bank first, get a quote and then ...
- 499
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Ways to improve my stagnant credit score
My credit score has been stuck at 695 for about four months.
That's a vast improvement from the 500 or so it was four years ago, so I've come a long way.
I have two credit cards with balances on them, ...
- 1,456
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3
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Does being added as an authorized user help credit score?
My wife and I both filed bankruptcy 15 months ago, and are slowly getting our credit back.
We both got a credit card from Capital One.
Does adding each other to the other's card as an authorized ...
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2
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In the US, will closing a bank account negatively affect your credit score?
In the US, will closing a bank account negatively affect your credit score? I've had it with my bank and I'm thinking of moving my money to a smaller Credit Union. Would this affect my credit score? ...
- 1,027
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Keeping your statement balance below ~30% of your credit limit
I read Little Advisor's article How does that thing with the credit cards work, again?
According to the article, you should always keep your balance below 30% of your credit limit. However, I just ...
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1
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Credit score just tanked ~50 points and I'm not sure why
I check my credit score monthly using a credit tracking app provided by my credit card company. I use a reminder to check on the same day each month, and have been tracking my credit score for almost ...
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