Easy way to keep your FICO UP!!!

By
Mortgage and Lending with Atlantis Mortgage

Here is the most simple way to make sure that you will always have a good FICO score...

Pay your bills on time is the most important. However, the quickest and most affective way to establish a great score is simply this... Open up a credit card... use this card for everything... your bills, groceries, dinners out... EVERYTHING that you would be purchasing with your (cash on hand)... Now I know what you are thinking... "But I am paying interest on that money..." No you are not... If your billing date on the credit card is the 15th... then just pay it on the 13th. Because what is happening is that when you buy all these things with cash the creditors don't see that... This way they recgonize that you are using the monies they let you borrow but then you are paying them back in FULL... It is money that you would be spending anyways just in a differnt order... And on top of that if you have a credit limit of lets say 1000 dollars, do this for 2-3 months and the creditor will increase your balance. TRUST ME... IT WORKS! If you have any questions on this process please write... Thank you

Comments (7)

Chris Pollinger
Berman & Pollinger, LLC. - San Diego, CA
Consulting for Luxury Teams and Brokerages
Also make sure that when your credit is pulled that you have the credit cards paid down to 1/3 of the available credit limit.
Oct 22, 2007 04:19 AM
Billnulls Blog Florida Realty Professional
Charles Rutenberg Realty - Clearwater, FL
AHWD
thanks for the information; i am sure many of us will use it!!!
Oct 22, 2007 04:56 AM
Alexander Harb
Knights Investing - Mesquite, TX
Dallas, Texas Real Estate Investing

I have never thought of doing that...... sounds like a good idea!!

=-)

Oct 22, 2007 09:06 AM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Good post Kyle, my friend...still waiting for the next one...  wink, wink...post that is! 

Karen

Oct 25, 2007 01:50 PM
Terry Haugen STAGE it RIGHT! 321-956-2495
Stage it Right! - Melbourne, FL
Kyle, my FICO is 820.  Will that help me raise it higher? :-)
Oct 25, 2007 03:31 PM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Ummm...you must be perfect...wow...congrat's on that one...how HIGH do you want to go...LOLOL

I'm thinking the lenders will chase you down...

Karen

Oct 25, 2007 03:36 PM
n d
Naoma Doriguzzi - Virginia Beach, VA
another great tip to add that we do is we got a credit card that you can accumulate points for free stuff!  We have already bought 2 plane tickets and a rental car for free!  Who doesn't like free stuff!
Oct 25, 2007 08:38 PM