Just wanted to let those of you who were as curious as me that after completing the trial of privacy guard, the Equifax simulator basically gives you a point for every $100 you pay on your outstanding credit card balances. And, the score stayed higher with some type of balance on the card...a very small one being the best. So, if you are say 8-10 points away from your goal....save some money and pay down those credit cards...bam you are there!!
I'm glad you had luck with that thing, cause when I used it awhile back, it musta been possesed or something..hehe. I know alotta people say it's not accurate, but no matter, cause paying off stuff is always good, and ya, some people do see their scores increase dramatically from paying off stuff.
That just doesn't sound good. Posessed. And, some say its not accurate... Can't imagine that any of the big 3 would do anything inaccurate! But seriously, I was thinking and reading over my post. I know its a "top secret" formula, but I typed every possible senario into that thing and came out w/ roughly 1 point for every hundred bucks paid down on the balance. Does anyone agree, disagree, have any information that would suggest otherwise....??? I am in the final month before I close on my house and trying to come up with the best numbers possible. Just wondering what others have found. I have heard it said over and over. The outstanding high credit to limit kills your score. I just wondered how bad.....some say get below 50%, some say 35% is optimum. Some say pay it off. Some say they want to see some kind of bal that you are paying on time each month. I NEED THAT HIGH SCORE!!!!!! WHAT IS MY FINAL MOVE? Oh, and no I don't have anyone w/ excellent credit that will put me on one of their card accounts...sadly.
I think who ever invented this credit score thing should just be shot! I mean… now all banks look at every person at a number, that number being our credit score. Most do not even take the time to actually look at the credit report. One person could have a low score because one account on their credit report defaulted, however the other 10 have been paid perfectly since the account opening. And what drives me even more nuts is when you have a credit card at a great interest rate and suddenly they increase the interest rate to an outrageous amount because you were late on some other payment that posted to your report that had nothing to do with that credit card!!! But anyway… I have heard the same about what the ideal balance is 35% 50%, I think the best rule of thumb is to keep it at an average of 50%. Michael http://mberry.dtsecrets.hop.clickbank.net
Oh, how I'm trying.....honestly I hate credit cards. But, no credit is not good either. I just charge it, send in a check for it....just to keep activity rolling on. Soooooooo much to learn. Learning the credit laws= full time job!!!!!
