STYLETHREAD -- LET'S TALK SHOP!

I know this does not work for everyone, but I know w/ certain banks it does. I have a debit card through my bank and if I use the "credit" option when I am buying items w/ my debit card then it will add to my credit score.

I guess it is because you are paying your credit obligation off in full and immediatley-does that make sense? I know this is not the case w/ all debit cards. My boyfriends actually charges him if he uses the credit feature too much and it doens't have an effect on his credit.

I don't have my own credit card. I either use my parents or I use my debit/credit card, so I did not have any credit for a long time. My dad figured it would be a good idea if I built up my own credit, so that is how I did it. I have a perfect credit score.

It may not make a huge difference in your credit, but it may help a little.

-- Edited by RyanJ at 10:22, 2005-03-24

quote:

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Originally posted by: Farrah
"I would suggest picking up some books by Suze Orman on how to repair your credit.  I used to have horrible credit and I read her books to get me motivated to get back on track about 6 years ago. I am proud to say that I now have no cc debt and I have healthy savings and 401K thanks to Suze.  Oh and my credit score it awesome!! Good luck!  "

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suze orman is wonderful...  i second this.  good luck.

I had horrible credit also.  I started getting credit cards in college and ended up with about 11 of them(yikes). I have heard from alot of people that creditors mainly look at the last 2 to 3 years of your credit history.  I think that may change if you've filled bankruptcy or something but overall I think this is true.  My debt was paid for about 2 years before I brought a car and still got a very very low interest rate. 

After I paid my debt, I made sure that I paid everything on time and even early if I could.  I also kept the majority of those cards open, but cut them up so I couldn't use them.  I am also a fan of Suze and she said closing cc accounts can hurt your score because you are taking away your buying power or somethimg like that.  I do use one card but I never go over 50% of the credit line on the card.  I think this helps your score too.

You should get your credit report from all three credit bureaus and check to make sure there is nothing on there that you don't know about. You can now get them free of charge in every state.