Is this a good thing?

[NgoFcukinWay]

I went to my bank about two weeks ago to see if I could be approved for a credit card (needed to build credit). Low and behold, I was. I get the card in the mail a week later and just got around to activating it yesterday. Got online today to check my bank accounts and wanted to see what my FICO score happened to be. I wasn't sure if they were yanking my chain or not, but it said my score was 764.

If that's my legit score, then I'm one hell of a happy camper. Thinking about freezing my CC in an ice block or put it in a safety deposit box in some random bank in some random town so I don't end up using the card and stick with just my debit card. Good plan?

 

[Live_Free_Or_Die]

Holy shit dude. I just got my score a few weeks ago from freecreditreport and have almost the exact same score; just one point different. The more you use your card the higher your score will get. Just pay online and you can guarantee not to have any late payments.

I just applied for a card with no interest for 12 months so I'll see if I get it before I decide if I'm happy with the score.

 

[Big Wang Bandit]

I need to get a low limit credit card to have any credit.

 

[swaq]

I have the same service with one of my credit cards. I broke 780 a month or so ago.

 

[Ckanderson]

thats a good score. but credit history is more important then a score.

 

[NgoFcukinWay]

thats a good score. but credit history is more important then a score.

So as long as I don't use it and just pay it off every month, it's all good? Or am I gonna have to use it every once in a while?

 

[Ckanderson]

your best is to make payments on it every month. a cc doesnt carry a ton of weight though. pick up a small car payment if you wanna help out your credit.

my score is in the mid 6's cause of my car loan, BUT i have 2 paid off loans (sti and stolen cobra) so I dont have any problem getting a loan for pretty much anything. although your score is higher, i'd get approved easier.. make sense?

 

[cartel1_950]

yeah the credit card didn't really help build my credit that much it was the 10000$ car loan that really kicked me up there

 

[JustAnotherVictim]

Your history of paying off balances is better then having a good score.
Don't listen to the idiots who tell you that you need a balance of your card to get good credit. Just use it and pay it off you'll be fine.

 

[tte]

Your history of paying off balances is better then having a good score.
Don't listen to the idiots who tell you that you need a balance of your card to get good credit. Just use it and pay it off you'll be fine.

Just pay off the full balance each month.
You could also get a cell phone under your name and make the payments on time.That helped build my g/f's credit too along with the credit cards.

Cheers,
Roy

 

[JustAnotherVictim]

Well that's always better if you can do that, not everyone can.
I just get annoyed with the people who tell people that say you have to always have a balance on the card to get good credit.
I would recommend doing something like using for gas and paying it off each week. Simple and won't make you go broke.

 

[NgoFcukinWay]

Just pay off the full balance each month.
You could also get a cell phone under your name and make the payments on time.That helped build my g/f's credit too along with the credit cards.

Cheers,
Roy

I've had a cell phone plan under my name for about a year now and I didn't know that could affect my credit since my mom's been paying it for me. Nifty. I'll see if I can take out a loan for a 1JZ MK3 out in AZ.

 

[IJ.]

700 out of 10,000?

 

[Ckanderson]

I've had a cell phone plan under my name for about a year now and I didn't know that could affect my credit since my mom's been paying it for me. Nifty. I'll see if I can take out a loan for a 1JZ MK3 out in AZ.

good luck.. most banks dont like to give loans for older cars..

 

[tte]

I've had a cell phone plan under my name for about a year now and I didn't know that could affect my credit since my mom's been paying it for me. Nifty. I'll see if I can take out a loan for a 1JZ MK3 out in AZ.

The agent at Cingular Wireless told us that paying off the phone bill is like a car loan and it will help your credit.

Cheers,
Roy

 

[tte]

good luck.. most banks dont like to give loans for older cars..

Yeah....thats sux...

cheers,
Roy

 

[NgoFcukinWay]

good luck.. most banks dont like to give loans for older cars..

Well, I went to a credit union (Chartway) a couple of weeks ago and they said depending on how good one's credit was, they could be approved for an auto loan for a car that old.