Comments on: 5 Ways to Boost Your Credit Score http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/ Young Black Professional Guide Thu, 18 Mar 2010 15:27:12 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Fredric http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1349 Fredric Thu, 21 Jun 2007 19:47:01 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1349 credit is all about reputation. when you apply for a loan, an apt, or any service for that matter, they may check your 'history of paying'. your credit score is simply a number that reflects on how well you keep your promises. if you don't pay money that you contractually said you would, whether you borrowed or not, those companies and 'creditors' can report that to the credit bureaus and eff up your credit score. having bad credit not only means that you won't be able to borrow money when you need it (home loans, business loans), but if a bank does take a chance, they'll charge you higher interest rates. credit is all about reputation. when you apply for a loan, an apt, or any service for that matter, they may check your ‘history of paying’. your credit score is simply a number that reflects on how well you keep your promises.

if you don’t pay money that you contractually said you would, whether you borrowed or not, those companies and ‘creditors’ can report that to the credit bureaus and eff up your credit score.

having bad credit not only means that you won’t be able to borrow money when you need it (home loans, business loans), but if a bank does take a chance, they’ll charge you higher interest rates.

]]> By: ybpreader http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1347 ybpreader Thu, 21 Jun 2007 15:16:14 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1347 I still don't get how not paying your bills-rent, utilities affect your credit score. You're not paying back 'borrowed money' cos that's what credit is. I still don’t get how not paying your bills-rent, utilities affect your credit score. You’re not paying back ‘borrowed money’ cos that’s what credit is.

]]> By: Fredric http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1346 Fredric Thu, 21 Jun 2007 13:53:00 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1346 from my experience, student loans generally have a little grace period of around 30 days. this <i>will</i> affect your credit score badly, if you pay late, so be careful. to make sure, call them up and ask! from my experience, student loans generally have a little grace period of around 30 days. this will affect your credit score badly, if you pay late, so be careful.

to make sure, call them up and ask!

]]> By: loan http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1342 loan Wed, 20 Jun 2007 23:28:13 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1342 My college loan doesn't fine me if I pay late. I always make sure to pay it before the next cycle begins. Does that hurt my score? My college loan doesn’t fine me if I pay late. I always make sure to pay it before the next cycle begins. Does that hurt my score?

]]> By: Mark Bustamonte http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1341 Mark Bustamonte Wed, 20 Jun 2007 22:43:53 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1341 Great advice. Here’s one more, learn to live debt free or better yet learn how the banking industry makes money on interest and apply similar strategies to your financing. There are 2 types of people in this world, those that pay interest and those that earn interest. For more information on this concept visit Tri-Star Consulting Group, LLC website. Great advice. Here’s one more, learn to live debt free or better yet learn how the banking industry makes money on interest and apply similar strategies to your financing. There are 2 types of people in this world, those that pay interest and those that earn interest. For more information on this concept visit Tri-Star Consulting Group, LLC website.

]]> By: Fredric http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1335 Fredric Wed, 20 Jun 2007 15:23:01 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1335 good advice. i use the amex gold that requires the 30 day payoff for regular expenses. for big purchases, i have a visa and discover. i only carry one of them. the amex gold is probably the best way to handle your credit only b/c you have to pay it off. good advice. i use the amex gold that requires the 30 day payoff for regular expenses.

for big purchases, i have a visa and discover. i only carry one of them.

the amex gold is probably the best way to handle your credit only b/c you have to pay it off.

]]> By: Qualifying For Success » 5 Ways to Boost Your Credit Score http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/comment-page-1/#comment-1334 Qualifying For Success » 5 Ways to Boost Your Credit Score Wed, 20 Jun 2007 14:41:00 +0000 http://ybpguide.com/2007/06/20/5-ways-to-boost-your-credit-score/#comment-1334 [...] 5 Ways to Boost Your Credit ScoreWe’re talking rent or mortgage, utilities, car note, and phone, as well as your credit card bills—everything. If you won’t commit to doing this, almost everything else you try to lift your score will be less effective, so stop looking … [...] [...] 5 Ways to Boost Your Credit ScoreWe’re talking rent or mortgage, utilities, car note, and phone, as well as your credit card bills—everything. If you won’t commit to doing this, almost everything else you try to lift your score will be less effective, so stop looking … [...]

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