sonoma1993
Diamond Member
for your credit score, do you want a higher or lower credit score? mine at 646 right now that accoring to providian.
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credit score
- Thread starter sonoma1993
- Start date
sonoma1993
Diamond Member
providian credit score is based on the experian credit bearu
yourdeardaniel
Golden Member
sonoma1993
Diamond Member
my credit card company has a page on there website when i log into my account that tells me what my credit score is.
It does affect the ratio depending how much he owes on credit cards. It's best to owe less than 25% of your total credit lines....
so, for example, let's say Edprush owes $7,000 on his $17,000 credit limit and that was his only credit card. He owes 41% of his total balance. If his credit line was then increased to $30k, he then only owes 23% of his total available credit line, and that could increase his score by a lot.
If he owes nothing on credit cards, higher credit lines can hurt because creditors see all of that available cash as a risk compared to smaller untapped balances.
BrokenVisage
Lifer
imported_griffis
Senior member
Just to make things easier here is a simple few steps to understanding your credit
1. The more credit you have available to you to spend, the better your score
EX: You can have 3 credit cards with $5,000 limit on each, but as long as you don't owe more than 2,500 on each one and pay your minimum payments on time your credit will actually go UP!
2. Making a big purchase strengthens your credit within a few months
EX: Buying a car, house, boat This is because they can see you can commit to a large sum of money and pay it off on time
3. The higher the score the better, anything over 700 is decent.
4. As long as you never owe more than 50% of the credit AVAILABLE to you and you make payments on time, then you are considered a responsible creditor
In case anyone thinks im bullshitting my credit score is an 815, the highest is 850.
1. The more credit you have available to you to spend, the better your score
EX: You can have 3 credit cards with $5,000 limit on each, but as long as you don't owe more than 2,500 on each one and pay your minimum payments on time your credit will actually go UP!
2. Making a big purchase strengthens your credit within a few months
EX: Buying a car, house, boat This is because they can see you can commit to a large sum of money and pay it off on time
3. The higher the score the better, anything over 700 is decent.
4. As long as you never owe more than 50% of the credit AVAILABLE to you and you make payments on time, then you are considered a responsible creditor
In case anyone thinks im bullshitting my credit score is an 815, the highest is 850.
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