Author Topic: credit score (Read 826807 times)

as2 · « **Reply #4240 on:** June 17, 2019, 04:18:03 PM »

Quote from: jacobs on June 17, 2019, 10:40:30 AM

if i apply for amex prime business and amex business blue in one day will that be 1 pull?

Typically, Amex doesn't do hard pulls if you're already a customer. If not, it should merge into 1.

Luvisrael · « **Reply #4241 on:** June 18, 2019, 02:57:42 PM »

Recently had a delinquency removed from my account. How long does it take for the score to recover?

Moshe26 · « **Reply #4242 on:** June 18, 2019, 03:16:05 PM »

finally convinced a family member to check his credit score and he has 11 miss payments from amex

which are obviously affecting his score. is there anyways to try to fix it? any recommendation?

Luvisrael · « **Reply #4243 on:** June 19, 2019, 09:39:09 AM »

I have multiple cards open that I don’t use at all. I use 1 and have an auto lease. What shud I be doing to boost my credit?

jacobs · « **Reply #4244 on:** June 19, 2019, 07:18:48 PM »

Quote from: Luvisrael on June 19, 2019, 09:39:09 AM

I have multiple cards open that I don’t use at all. I use 1 and have an auto lease. What shud I be doing to boost my credit?

Put a little spend on a few of your cards. Request CL increase to lower utilization.

Luvisrael · « **Reply #4245 on:** June 20, 2019, 09:27:17 PM »

Quote from: jacobs on June 19, 2019, 07:18:48 PM

Put a little spend on a few of your cards. Request CL increase to lower utilization.

does CL increase require any soft pull?

CountValentine · « **Reply #4246 on:** June 20, 2019, 10:22:16 PM »

Quote from: Luvisrael on June 20, 2019, 09:27:17 PM

does CL increase require any soft pull?

Could be soft, hard or no pull depending on the issuer.

Luvisrael · « **Reply #4247 on:** June 20, 2019, 11:06:06 PM »

Quote from: CountValentine on June 20, 2019, 10:22:16 PM

Could be soft, hard or no pull depending on the issuer.

amex Chase Barclays

Luvisrael · « **Reply #4248 on:** June 25, 2019, 02:34:19 PM »

Quote from: jacobs on June 19, 2019, 07:18:48 PM

Put a little spend on a few of your cards. Request CL increase to lower utilization.

i have multiple card with the same bank. Is it better to do this on all of them or is it enough to do on 1 of each bank.

happyfeet180 · « **Reply #4249 on:** June 26, 2019, 04:33:04 PM »

Any way to get a good mileage card from Chase or Amex if credit score is only fair?
Are there any worthwhile mileage cards for fair credit?

Luvisrael · « **Reply #4250 on:** June 26, 2019, 06:45:11 PM »

Quote from: jacobs on June 19, 2019, 07:18:48 PM

Put a little spend on a few of your cards. Request CL increase to lower utilization.

is there a ''magical'' number to spend, or just keep it under 30%?

jacobs · « **Reply #4251 on:** June 26, 2019, 10:22:14 PM »

Quote from: Luvisrael on June 26, 2019, 06:45:11 PM

is there a ''magical'' number to spend, or just keep it under 30%?

The lower the percentage, the better. As long as it’s not 0%, you’re good. As far as I’m aware 1% utilization is great. (Paying off most of your bill prior to statement closing can help bring down utilization.)

Luvisrael · « **Reply #4252 on:** June 26, 2019, 10:54:14 PM »

Quote from: jacobs on June 26, 2019, 10:22:14 PM

The lower the percentage, the better. As long as it’s not 0%, you’re good. As far as I’m aware 1% utilization is great. (Paying off most of your bill prior to statement closing can help bring down utilization.)

so if I’m doing less than 0.01 I’m wasting my time?

jacobs · « **Reply #4253 on:** June 26, 2019, 11:08:44 PM »

Quote from: Luvisrael on June 26, 2019, 10:54:14 PM

so if I’m doing less than 0.01 I’m wasting my time?

I believe anything above 0% is ok.

Luvisrael · « **Reply #4254 on:** June 26, 2019, 11:27:27 PM »

Quote from: jacobs on June 26, 2019, 11:08:44 PM

I believe anything above 0% is ok.

im asking if I need to spend above zero to boost my utilization

jacobs · « **Reply #4255 on:** June 27, 2019, 08:02:05 AM »

Quote from: Luvisrael on June 26, 2019, 11:27:27 PM

im asking if I need to spend above zero to boost my utilization

If you are spending 0, there is no utilization.

Luvisrael · « **Reply #4256 on:** June 27, 2019, 08:09:51 AM »

Quote from: jacobs on June 27, 2019, 08:02:05 AM

If you are spending 0, there is no utilization.

percent

as2 · « **Reply #4257 on:** June 28, 2019, 04:15:42 PM »

It's recommended to keep it below 15%. Ideally, keep it at 1% if possible.

ShimshonK · « **Reply #4258 on:** July 03, 2019, 01:37:40 PM »

I have a question regarding business credit score.
I'm considering utilizing the intro 0% purchase apr on my Chase Business Ink Cash and Unlimited cards, and carrying balances of a few thousand dollars.
I have a great (personal) credit score and a high amount of credit.
The business cards are sole proprietorships.
Dan always writes how great it is to utilize these 0% intro offers, since (assuming you pay the minimum) there's no affect to your personal credit score.
I'm wondering if internally they have a business credit score that I may be hurting by carrying balances, and if so whether it is the same since it's a sole proprietorship business.
Thanks!

CountValentine · « **Reply #4259 on:** July 03, 2019, 06:16:47 PM »

Yes they have business scores.

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Author Topic: credit score (Read 826807 times)