jump to last post 1-3 of 3 discussions (4 posts)

Can Credit Cards Improve Your Credit

  1. john@patatusfoam. profile image60
    john@patatusfoam.posted 7 years ago

    Well as long as you leave a balance on the credit card and continue to pay it regularly and on time you should see improvement in your credit score.

  2. 6hotfingers3 profile image60
    6hotfingers3posted 7 years ago

    credit cards are necessary evils we have come to depend on. Without a credit card, you will not be taken seriously by creditors. Credit cards are proof you pay your bills on time or late. They are confirmation for creditors to issue you a pretty good interest rate when you wish to purchase something on credit. In answering your question, the credit cards are the measurement of how much credit will be extended to you. Credit cards help
    creditors form a financial picture of the person they are lending their money to. Credit cards can not easily be lived without in our current life style.

  3. Brupie profile image72
    Brupieposted 7 years ago

    Prudent use of credit cards can definitely improve your credit score.  Credit scores are made up primarily of three things: on-time payment history (35%), available credit to credit balance ratio (30%), and length of credit history (15%).  If you have a large total of available credit on your cards, but maintain a low or no balance you can positively impact your score.