Dave

When checking your credit, it is necessary for you to only use a credit monitoring site. If you go to a friend, and ask them to run a report for you, it will cost 4-5 points off your score. If you use a monitoring site, it will never cost you any points, because you are … Read more

One of the first rules of credit is to never speak to anyone on a recorded line. The only reason that a creditor calls on a recorded line, is to collect money from you. The ONLY words that you say to the caller are: “I DON’T SPEAK TO PEOPLE ON RECORDED LINES, AND PLEASE DON’T … Read more

Once you have acquired a credit card or charge card, you will own it for the rest of your life. As your card ages, it adds more value to your score. If you close it, or the creditor closes it, your score will go down. The reason is that every card makes a contribution to … Read more

Every time that you apply for new credit, it will cost you 4-5 points from your score. The inquiry will stay on your report for two years, but will only affect your score for the first year. It stays on your report for the 2nd year, so that creditors can see if you are applying … Read more