http://www.mytwodollars.com/2009/05/19/reader-question-what-damages-your-credit-score-the-most/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.mytwodollars.com/2009/05/19/reader-question-what-damages-your-credit-score-the-most/#comment-33188 Jake Stichler Tue, 16 Jun 2009 06:00:17 +0000 http://www.mytwodollars.com/?p=2062#comment-33188 The answer to that was a whole 8 points, by the way... The answer to that was a whole 8 points, by the way…

]]> http://www.mytwodollars.com/2009/05/19/reader-question-what-damages-your-credit-score-the-most/#comment-33184 mike Tue, 16 Jun 2009 00:53:05 +0000 http://www.mytwodollars.com/?p=2062#comment-33184 I pay my bills as soon as they come in. I pay my bills as soon as they come in.

]]> http://www.mytwodollars.com/2009/05/19/reader-question-what-damages-your-credit-score-the-most/#comment-32900 Jake Stichler Wed, 20 May 2009 08:05:26 +0000 http://www.mytwodollars.com/?p=2062#comment-32900 I'm curious to see how much (if any) my credit score rebounds next month now that I'm caught up on a loan that was something on the order of 8 months behind... I’m curious to see how much (if any) my credit score rebounds next month now that I’m caught up on a loan that was something on the order of 8 months behind…

]]> http://www.mytwodollars.com/2009/05/19/reader-question-what-damages-your-credit-score-the-most/#comment-32896 david Tue, 19 May 2009 18:59:31 +0000 http://www.mytwodollars.com/?p=2062#comment-32896 "Current" is basically just a word meaning "paid on time and active". :) “Current” is basically just a word meaning “paid on time and active”.

]]> http://www.mytwodollars.com/2009/05/19/reader-question-what-damages-your-credit-score-the-most/#comment-32895 Kate Tue, 19 May 2009 18:47:47 +0000 http://www.mytwodollars.com/?p=2062#comment-32895 What great advice. I think this tip you gave is especially important and often overlooked: "Buy something once in a while on every card you have, and then pay it off." I have to say, I was unaware that a full 35% of your score is based on your credit history. What an amazing example of The Power of Small, an idea that is explained in a business book I read recently of the same name. I always knew it was important to pay your bills on time and so I always have, but I was clueless as to just how important! One quick question though about another one of your tips-- could you elaborate on this one "Keep your existing accounts open and current." What do you mean by keep it current? Thanks! What great advice. I think this tip you gave is especially important and often overlooked: “Buy something once in a while on every card you have, and then pay it off.” I have to say, I was unaware that a full 35% of your score is based on your credit history. What an amazing example of The Power of Small, an idea that is explained in a business book I read recently of the same name. I always knew it was important to pay your bills on time and so I always have, but I was clueless as to just how important! One quick question though about another one of your tips– could you elaborate on this one “Keep your existing accounts open and current.” What do you mean by keep it current? Thanks!

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