So eight+ years ago I got like four diff credit cards when I was like 20 y/o, maxed them all out really fast, and eventually stopped paying them all together. My credit score is super low now but all of the accounts are removed. Now I want to start repairing my score which is at a FICO 545 since those accounts aren’t affecting it anymore. I just got a CC that I only plan on using 10% of each month by making a bunch of small purchases and paying the balance almost immediately. I was just wondering if anyone knows how much my score could go up if I do this consistently every month for a year? Also if you have ANY other tips for me on ways I can fix my score I would REALLY appreciate it! Some background, I’ve never had nor do I currently have a car loan because I’ve always bought my cars in cash,I’ve been renting an apartment the whole time so I literally don’t have any debt since those accounts fell off. My credit limit on the cc when i get it in the mail is really low ($300) with a v high interest rate, but I really will only use it up to $30 every month and will pay every balance almost immediately after making it.
Submitted August 04, 2021 at 05:50AM by jayare2k18 https://ift.tt/3ynEmLe
