Danny Lam asked:


I’ve heard you should keep the credit ratio for each card at 20% or below. If I have $600 credit limit and I spent about $180 on the card, which is 30%, will this affect my credit score if I pay it off the next day? Do the credit bureaus count credit utilization as credit balance carried over for that period or whenever you use that much credit limit even if you pay it off asap without carrying a balance?

Edwin

Michael asked:


I have recently paid off everything on my credit report. My credit score is slowly creeping up. I, like a lot of people, screwed up my credit when I was younger and am paying for it now. My Scores range from 579 – 618. Can someone give me some feedback please?

Howard

Duane N Angela asked:


I have paid all my debts off. I have a 783 credit score. Do I need to keep a couple of my credit cards open using them maybe once a month to keep them active to keep my credit score the way it is. I don’t want it to go down by not keeping my credit active. Any suggestions?

Doris

zelda pasquel asked:


If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?

Paula

La Sona J asked:


I have alot of derogatory items on my credit that I actually need to take care of. I have opened some new credit card accounts since I have never had credit cards before. What is the best way to improve my score so that I am not such a high risk?

Troy

jeanna quon asked:


If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?

Joy

Hannah asked:


I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this “possible credit” to go towards the new card. I heard once that canceling a credit card has a negitive effect on your credit score. Is this true? If so, how do I switch credit cards and avoid affecting my credit score in a bad way?

Jacqueline

*JC* asked:


I payed off 2 credit cards out of four. Can I contact those two credit card companies and ask if they can report positive comments to the credit bureau to raise my score? Or do they automatically do that? I’m trying to raise my score. If you have any tips please share them with me. Thank you.

Barry

leisha lampkin asked:


I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points?

Vicki

margarete lind asked:


If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?

Theodore