There's no 'one-size-fits-all' answer. Just about anything you do might be helpful for some and unhelpful for others.What you can do is apply some general principles:1. Older AU accounts are better, because they will increase your average credit age. If the account is older than your current average credit age, then that's going to be a positive factor (which again, does NOT necessarily mean that it's going to increase your score overall).2. Higher-limit, lower-balance AU accounts are better, because they will show lower utilization on your credit report. If your utilization when including the AU account goes down (versus without the AU account), that's also going to be a positive factor.3. Having several AU accounts is probably better than having 1 or 2 (since scores tend to be higher with more accounts on your report), but that's probably diminishing returns and I won't go overboard just for the sake of having a ton of accounts. I'd focus more on factors (1) and (2) than number of accounts.
thanks.How long til those tips help to increase my score? Every month? and kaboom? or is the improvement a slow process?
@Dan Does that work both ways? Can I build my old mans credit by giving him AU card?
