CreditRepairFree.Org » credit scores

How long until our credit score is good enough to buy a house?

Sun, 06 Mar 2011 20:39:52 +0000

We really need to upgrade to a bigger house. Recently our family expanded to 4 kids in a 3 bedroom house. Our credit hasn’t been the greatest, but in the past month we have taken care of any outstanding debt on our credit reports, caught up on our current house payment (we were one month behind), paid off half of our one credit card bill and will be timely on all payments, and are current on all other finances. How long will it take for our credit scores to start improving enough to qualify for a home loan?

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What is the best credit monitoring service to use?

Wed, 23 Feb 2011 01:34:29 +0000

I would like to know what is the best credit monitoring service to use. I want to be able to see my credit scores from all three credit reporting agencies, get alerts when credit is ran, all three credit reports, and be able to protect my credit with a password. Any idea what the best option would be?

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How can I cancel credit cards I have without getting dinged on my FICO score?

Wed, 15 Dec 2010 07:11:15 +0000

I have several credit cards that have annual membership fees required. But I do not use them and have no plans on using them in the future. I’ve been told that if I cancel these cards that my credit scores will suffer because of the cancellations. Is there a way to cancel these cards without causing anymore danage to my credit scores?

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Credit Score: Is there anyway to get rid of credit without negatively affecting your score?

Mon, 23 Aug 2010 00:10:49 +0000

Have a few credit cards with high rates that we no longer use. Is there anyway to get rid of a ,000 credit limit on a card that has a zero balance without killing our ‘excellent’ credit scores?

We would like to increase the limit on our lower interest rate credit cards, but have not been allowed to due to outstanding limits on existing credit cards.

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Does adding someone to a credit card as an authorized user help their credit?

Wed, 07 Jul 2010 19:29:47 +0000

Just so I don’t get flamed about the dangers of adding someone else to a credit card… we are soon to be married and our money is already in a joint account. We are both trying to increase our credit scores in preparation of purchasing a house. We have just paid off all credit cards, so that will be good on credit… and we are going to leave the accounts open with little or no balance.

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My credit card balance is over 50%. How long will it take my credit score to go back up?

Fri, 25 Jun 2010 00:12:02 +0000

Hi. I recently just got my first credit card ever and used it to make a 00 purchase. The credit limit is 00, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.

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What happens to credit score if you close a store credit card?

Fri, 18 Jun 2010 05:34:18 +0000

I have a few store credit cards (Macy’s, Banana Republic, etc) in addition to a major credit card. I want to cancel some of the store credit card, but I don’t know how that effects my credit rating. I think closing credit cards in general lowers credit scores, but what about those store cards?

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How can I cancel credit cards I have without getting dinged on my FICO score?

Thu, 17 Jun 2010 00:18:59 +0000

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How does the interest on my credit cards get lowered?

Sat, 17 Apr 2010 18:17:54 +0000

I was just wondering how interest rates get lowered on credit cards? Why do some people have lower interest rates, and some have higher? I understand the whole difference between credit scores and that some people have better credit than others. But I know that every single person with a low interest rate on credit cards didn’t "call and dispute with the card company until they lower the interest rate". So, how do they get it? Is it something the credit card companies monitor regularly and lower according to your credit improvement and such over the time? I’m 24 years old, my credit score is 750+. My cards have been allowed higher credit increases in very short times that I’ve had them, due to zealously paying them above and beyond the expect (and sometimes multiple times a month). None of the cards are charged up 1/3 of their limit..less than that. What things can I do to get lower interest rates? One has 22.24%. Not sure about the other two.
Absolutely nothing bad on my credit…
Actually…while it is a good practice to stay on top of what you charge on credit cards (and to immediately pay off what you owe to avoid interest)…it’s good to carry a balance from time to time. Credit cards are for that; for credit. Meaning you DON’T have the money at the time – Thus, that’s the whole point of credit. You can buy what you need now, and pay it a little later when you have the money. Though of course, you don’t charge up what you know you won’t be able to pay back, either. But good credit isn’t built without carrying a balance at some point. If you cancel out your charge each month by completely paying it off, where’s the ongoing charge for ‘credit’? It shows them you are just playing a game, trying to make your credit better, but not being able to apparently handle needing a higher credit limit (which can and does indeed affect your credit score, that I do know). So…if they see that you "pay it off instantly", what’s the point of them upping your credit line??