Quote:
Originally posted by aflex
great advice here, i appreciate it too guys..
im working to build my credit, i have no real outline on how to do it.. i just pay my bills on time, and keep everything under 50% of the credit line.. getting a cell phone in my name tommorrow (got one under a girlfriend now) for another form of credit..
one question though, all my CC's are Capital One VISA's.. would it be in my best interest to diversify alil, with maybe an American Express or Master Card? or it doesnt matter.
also i have a Capital One Platinum card with a fucking credit line of $500 bucks, whats up with that?
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credit cards don't establish your credit. if you're not using a card or don't plan on using it, cancel the card.
typically a loan will establish your credit, like an auto loan or something. if you make a big purchase like a vehicle or something, even if you have the money to buy it in cash take out a loan after putting 60% down. pay it off in a few months. a secured personal loan would work fine for building your credit up. try to take out a loan of some kind every year and pay it off in a couple months. could pay off when you actually need the credit to get a home.