Comments on: Enough Practice – Make Your Credit Score Perfect!

By: Leslie

Leslie — Sun, 25 Oct 2009 06:28:27 +0000

This sounds wonderful, but what really is a bummer, to the point of being outright criminal is this insane notion that we should have credit cards with open balances in the first place. I’ve been diligently striving to eliminate as much debt as I can for over four years now and as the debt goes so does the credit score. I’m actually being penalized big time for clearing my debts. Now how is that anything but wrong?

By: Curtis

Curtis — Wed, 21 Oct 2009 16:37:37 +0000

Trying to get a perfect credit score is counterproductive, especially if it means having two or fewer inquiries on your report. The whole point of having a good score is to be able to use it to get cheap credit. To get apply for credit, you have to have inquiries. Of course, that doesn’t mean you should apply for every credit card/loan/whatever just because you can, but there’s also no point in limiting the number of inquiries on your report simply to have a “perfect” score.

It’s also pointless because the difference between credit offers for people 750 scores and people with 850 scores is minimal (when it even exists). At about 750-780, you’re going to get the best credit offers from banks. Anything above that is extraneous.

Curtis.

By: whwalterhansen

whwalterhansen — Wed, 21 Oct 2009 05:15:02 +0000

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By: Clf

Clf — Tue, 20 Oct 2009 21:28:49 +0000

Notice how important paying our bills on time is here.This is why we always pay our bills the same day they come to our mailbox.

By: Retirement Savior

Retirement Savior — Tue, 20 Oct 2009 17:32:14 +0000

Now this is an article I am going to bookmark!

When you talk about diversification of credit sources, are there any that are more important to the credit firms? For instance, is it weighted more heavily to have a good history on mortgages, credit cards or car loans, or are they all weighted the same?