Do you have less than perfect credit? If your FICO score is below 720 points, you will find it hard to get the kind of loans, or percentage rates on credit cards and loans that you deserve!
Below are some "Rules of Credit Cards":
1) You need to have 2-4 revolving credit cards;
2) Revolving credit cards are bank cards only, i.e. Visa, MC, AmEx, Discover;
3) Keep each credit card active every six months by charging just $5 and paying if off monthly;
4) Do no close any accounts over 2 years old. If you close an account, you lose any good credit history with that account;
5) Do not charge more than 30% of your credit limit. Example: if your credit line is $1,000, do not have a balance over $300 at any given time;
6) Opt out of insolicited credit inquiries at http://www.optoutprescreen.com
Below is the FICO Score Breakdown:
35% is your payment history
30% is your amount of debt
15% is the length of your credit history
10% is the type of credit (revolving vs. installment)
10% is the inquiries made for new credit
If you want to restore your credit, give me a call at (530) 913-3141! We have a 110% Money Back Guarantee if we cannot raise your your FICO score!
Thursday, March 27, 2008
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3 comments:
Your site looks great, Sis. Keep up the great work. Send out some tags to friends and wannabe friends. That will drive more activity to your blog site.
I probably need to add, that your blog entries don't always need to be about realestate. Let people know about you as a person too.
You are a person, aren't you?
Good advice! Thanks big brother! And, yes... I AM a person!
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