Quote:
Originally posted by rainbowbrightCS
Actually I pay off my card every month. I had 95% available, so I doubt that I am "high risk"
They just also changed me to PLatinum about 2 months ago.
I know I have good credit becuase I was able to buy a car with my credit alone. I have had that car for 2 years and are making 1.5 or double payments.
Chris
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If you want a better credit rating you should pay your card balances "down" and not "off" each month. Credit companies don't care that you are able to charge something and pay it off at the end of the month, they actually don't like people like that because they make no money of of them. But they do like to see people that are capable of using a credit card from time to time and gradually paying the balance down over time. They like to see the commitment to the payments and that the payments are made on time.
And I do agree with Krazy because I deal with credit card companies through work all the time. They love to raise the credit limits of "high risk users" because they can make a ton of money off of them.
But they do also raise the credit limits of those who have good credit. I'm sure you are a user with good credit but I'm telling you, they really get ppl when they raise those limits man. I've dealt with people that were 20,000 or so thousand dollars in credit card debt and I couldn't even imagine that.
And speaking of your car, where did you get the loan through? Was it through a dealership Finance company or a bank?