Credit Cards Not Always Good for Your Credit, Part 2

The way the way the credit scoring module is set credit cards are just a part of how your credit score is established. That being said don’t believe that just because you get a credit card or two you score will go up 100 points in 30 days (don’t laugh I have seen this advertised on the internet) you need history ie… time. You need a mix see my blog 5 Factors of Credit http://creditrepair21.blogspot.com/2008/11/5-factors-of-credit-scoring.html
for the FICO scoring break down on how to mix up the credit you have and may want to get for the best possible scores. One last thing to remember, be responsible and pay your bills on time if you don’t you will kill your scores and have to start all over and creditors look at your history bad payment history means higher rates.