Reply to Can’t get credit score past 740’s

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Buy something $20 on your credit cards and pay the minimum for a few months, then pay it off. Yes, you are paying unnecessary interest, but it’s worth it to increase your score.

Buying your car and house with cash is HORRIBLE for your credit score. [/quote]

This person is a moron. 740 is a great score. Do not pay interest on your credit cards.[/quote]

Terrible for your score but better for your wallet if you can afford to do it.[/quote]

If the interest on $20 is going to break the bank you have bigger problems. Carrying a balance for a few months shows them you know how to deal with debt. By paying everything off and paying in cash they have no way of knowing if you can manage debt.

One thing you can also try is get a charge card, not a credit card. My parents use an AMEX (the original green one) for the points and pay it off every month. Because it’s a charge card, it’s expected that you pay it off. My parents have a great credit rating (but they also have a mortgage). [/quote]

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