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Few incorrect statements in here.
1) auth users get NO credit for being on it, good or bad. zero
2) secured credit cards build a small small amount of credit but its nowhere near a real credit card.
3) never pay off the balance of the credit card monthly, charge 2k, pay 1900 back and so on, banks wanna make money, not a free money service.
4) loans under 1k dont get real credit on the reports. 1K+ is called a qualifier.
5) being debt free does nothing for credit. you will recieve a 0 score on all the reports if you go a while without a tradeline.
6) running consumer reports like freecreditreport and those do not reflect real credit scores. they use an internal scoring system to make up your scores. they are mostly off about 50-100 points.
7) someone asked how your credit would go up if a car loan is paid. depends on the monthly amount and the term of the loan. no late payments, 30 to 70 points based on the loan amount.
Hope that helps.
WB
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