Want to keep all my credit cards at 35% of available credit to raise my credit score. How do I figure this out?|||It's FICO score, not FICA.
Carrying balances of more than 30% of your limit hurts your score. Pay off the credit cards and your score will rebound. Best way to handle credit cards is to pay the balance in full every month. That will build good payment history and save interest. There is no advantage to carrying balances.
Utilization percentage does play a part in your score. However, it is not worth the effort to figure out exactly when the creditor updates to the credit bureaus and then schedule charges and payments to get the best utilization for the best score. By the way, the utilization percentage is higher than 35%. Just use the card and pay the balance in full.|||FICA is the acronym for the Federal Insurance Contributions Act. This act mandates that an employer withhold a set percentage of an employee鈥檚 salary each pay period. FICA also requires that the employer match the employee鈥檚 amount and contribute the money to a government account known as the Social Security Trust Fund.
What does FICA have to do with your credit card balances?|||hi,
There are many web-sites , that offer credit report, but I would suggest you http://GoCreditReport.info , because they offer this service free (no catches) .They are one of the best web-sites .They also offer credit monitoring, id theft alert, and many more things...
Just Visit the link and sign up .
hope that helps
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment