How can I add a few points per week or month to my credit score?
April 1st, 2009 | by admin |I keep my monthly debt-to-credit line ratio to no more than 2% on each of the two credit cards I got. I have a habit of paying them off online a few weeks before the due date. Monthly, I also tend to pay down a few months worth of my student loans. The only other spending/paying tools I use are my check card and bank account (balance is always positive).
My mom bought me a new car last Christmas. Of course, she takes care of paying the monthly financing even though my name’s on it. She pays everything owed on time or even little earlier. When checking my credit history and score between right before that purchase and now, my score dropped by 6 points and 3 inquiries were made. First, by the dealership. Second, by the bank they’re doing the financing through. Third, by mom’s bank because she signed up to get a quote on what APR we’ll pay them at if we agree to have them consolidate the car financing. My guess is 2 points deducted for each inquiry made?
Oh yeah I also forgot to mention I have a couple store cards never used since paying the first bills on them.
Tammera
3 Responses to “How can I add a few points per week or month to my credit score?”
By vbdi4ybvbfre v on Apr 2, 2009 | Reply
Look at the website……
By Amanda H on Apr 5, 2009 | Reply
A couple points per inquiry is pretty average.
There’s ntohing you can do to “for sure” up your score 2 points each week or month or anything. Just continue what you’re doing. Dont pay off your loans to fast– you want that good solid history for long term, if you have a limited file.
By W. E on Apr 8, 2009 | Reply
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