Comments on: Should I get a second credit card to improve my credit score 6 months from now? http://www.theonlinecreditscore.com/improve-credit-score/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/ Get Your Free Online Credit Score And Report Fri, 10 Sep 2010 07:13:02 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Kristin http://www.theonlinecreditscore.com/improve-credit-score/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/comment-page-1/#comment-4201 Kristin Sun, 21 Feb 2010 04:02:58 +0000 http://www.theonlinecreditscore.com/2010/02/21/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/#comment-4201 750 is good and should get you a loan with a good interest rate. What else is on your credit? Its good to have a balance of revolving accounts such as a credit card and installment loans such as a car loan. Unlike some said: what your balance is does not matter if you pay it off every month as long as it does not go over 50% of your credit limit. What you are doing is good. You can get another credit card but the inquiry will stay on there for 24 months and may lower your score a little after initially inquiry. 750 is good and should get you a loan with a good interest rate. What else is on your credit? Its good to have a balance of revolving accounts such as a credit card and installment loans such as a car loan. Unlike some said: what your balance is does not matter if you pay it off every month as long as it does not go over 50% of your credit limit. What you are doing is good. You can get another credit card but the inquiry will stay on there for 24 months and may lower your score a little after initially inquiry.

]]> By: bdancer222 http://www.theonlinecreditscore.com/improve-credit-score/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/comment-page-1/#comment-4200 bdancer222 Sun, 21 Feb 2010 03:49:18 +0000 http://www.theonlinecreditscore.com/2010/02/21/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/#comment-4200 Your credit usage ratio really has nothing to do with your score. Carrying balances of more than 30% hurts your score. But this isn't a factor since you are paying the account in full every month. The second account would help build more credit history. Use both cards every month and pay them both in full. Other factors are more important than your score. The length of your credit history could be a factor. Mortgage companies also look at your work history, salary, and debt to income ratio. You will also need a nice downpayment. Your credit usage ratio really has nothing to do with your score. Carrying balances of more than 30% hurts your score. But this isn’t a factor since you are paying the account in full every month.

The second account would help build more credit history. Use both cards every month and pay them both in full.

Other factors are more important than your score. The length of your credit history could be a factor. Mortgage companies also look at your work history, salary, and debt to income ratio. You will also need a nice downpayment.

]]> By: OneLastRevolutionary http://www.theonlinecreditscore.com/improve-credit-score/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/comment-page-1/#comment-4199 OneLastRevolutionary Sun, 21 Feb 2010 03:16:40 +0000 http://www.theonlinecreditscore.com/2010/02/21/should-i-get-a-second-credit-card-to-improve-my-credit-score-6-months-from-now/#comment-4199 A faster way to up credit is run up a $3000 tab on your current credit card and pay the balance when due. A faster way to up credit is run up a $3000 tab on your current credit card and pay the balance when due.

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