Posted on: 25th May, 2012 01:26 am
Hi there… my fico scores and 702 and 705. My boa credit card was opened about 3years ago and has a limit of $1,000. What would be the best way to increase my credit? Should I apply for a new/different credit card, or apply for an increase in credit limit? Also if I apply for a new credit card, are there any companies that offer new cards with just a soft pull? Thanks!
Hi Som,
Taking out a new credit card and paying off the balance on time will definitely give a boost to your credit scores. Nevertheless, you should make sure that you pay off all your debts on time. You should also make sure that you don't make any late payments as they drastically affect the credit scores.
Take care
Taking out a new credit card and paying off the balance on time will definitely give a boost to your credit scores. Nevertheless, you should make sure that you pay off all your debts on time. You should also make sure that you don't make any late payments as they drastically affect the credit scores.
Take care
Hi Som,
You can check out the given page in order to know some of the tips to improve your credit score further: http://www.mortgagefit.com/credit-rating/credit-repair.html .
You can check out the given page in order to know some of the tips to improve your credit score further: http://www.mortgagefit.com/credit-rating/credit-repair.html .
>>hould I apply for a new/different credit card
No
>>or apply for an increase in credit limit?
Yes
>>Also if I apply for a new credit card, are there any companies that offer new cards with just a soft pull?
No
No
>>or apply for an increase in credit limit?
Yes
>>Also if I apply for a new credit card, are there any companies that offer new cards with just a soft pull?
No
Hard to say without looking at what you do have for credit lines.
A secured installment loan with a credit union or another credit card can help.
If you don't have a 'retail' credit card.... add one of those. Jewelry store, dept store, best buy or home depot, ect.
FICO likes to see a mixed use of credit.
A secured installment loan with a credit union or another credit card can help.
If you don't have a 'retail' credit card.... add one of those. Jewelry store, dept store, best buy or home depot, ect.
FICO likes to see a mixed use of credit.
