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| *Loan,banking and credit>>>credit report |
For a credit card to be positive on my report do I need to use it & pay the balance off or just activate it? |
For a credit card to be positive on my report do I need to use it & pay the balance off or just activate it? If it is a capital one credit card you receive 3 positive credit reference per month and 36 a year.. Use your card, make your payments on time, don't go over your limit and keep the account up.. three things that are reported to the credit agencies are longevity of the account *how long it has been open* your balance and payment history. Use it and pay off the balance use it, pay off the balance, and you probably won't see a good mark on your credit report for about 6 months to a year. If you have a lot of credit cards that you don't use, it will worsen your credit because creditors will see that you have all this available credit that could drive you into debt, but no history of paying your bills regularly. just use it every now and then and make timely payments. they are good if you have availble credit and bad if they are maxed out.. a big part of your credit score is available credit Credit Card Basics Understanding Five Main Credit Card Terms By: Joseph Kenny Here's a bit of information that may help you. You can also use this web site to help with future questions. |
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