financial management: A boost for Credit Scores?? - 08/04/07 05:56 AM
Did you know that more than 50,000,000 people have Capital One Credit cards? I have two of them. After many years of refusing to disclose, Capital One has now agreed to report borrower balances and limits. So what’s the big deal? For some people, it could mean the difference between having a 6.59% 30-year fixed loan versus having a 7.68% loan! If you are someone who maintains low or no balances on your credit cards, the credit bureaus view that as positive money management and raise your score. In this instance, from 659 to 700. In the past, the credit bureaus … (6 comments)