spango Posted January 15, 2008 Report Share Posted January 15, 2008 Thought everyone might like to read this. I saw it today on msn.com. Hope is will be useful to all members.http://articles.moneycentral.msn.com/Banking/YourCreditRating/BuildAKillerCreditScoreIn2008.aspx Link to comment Share on other sites More sharing options...
Fizzle1979 Posted January 15, 2008 Report Share Posted January 15, 2008 I dont agree with the joint user part of this article. Link to comment Share on other sites More sharing options...
gypsie Posted January 15, 2008 Report Share Posted January 15, 2008 I would also think that becoming a "joint user" would mean another hard inquiry. Link to comment Share on other sites More sharing options...
Trying Posted January 16, 2008 Report Share Posted January 16, 2008 I know I'll probably embarrass myself by asking, but what's wrong with the "new" piggybacking? From what FICO 08 says it emphasizes, inquiries might not count as much. But I think I might be missing something...Thanks for the link! Link to comment Share on other sites More sharing options...
matlock99 Posted January 16, 2008 Report Share Posted January 16, 2008 This got me wondering -- any sense of how much an installment loan helps you in real terms? I'm two months into a $24k car loan with scores in the high 500s - low 600s, mainly from a handful of chargeoffs and one judgment per report. Very curious to see how adding to my mix of credit will really boost my score. Link to comment Share on other sites More sharing options...
I love this game Posted January 16, 2008 Report Share Posted January 16, 2008 This got me wondering -- any sense of how much an installment loan helps you in real terms? I'm two months into a $24k car loan with scores in the high 500s - low 600s, mainly from a handful of chargeoffs and one judgment per report. Very curious to see how adding to my mix of credit will really boost my score.The key thing in my o to keep in mind is that this is a slow process we may experience some score boost but payment history, and amounts owed account for 65% of our score which only come with time. Link to comment Share on other sites More sharing options...
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