tortoise
Wild Hare
You absolutely do get credit paying it off every month. DH has done that and his credit is dang near perfect! Fewer cards is better than more, older accounts are way, way better than newer accounts. Every time you open an account your credit will dip. You don't need a lot of accounts. I believe the magic number is three.
Most my credit is from a line of credit on my checking account. I haven't used it in a decade and it still records a good mark for me every month. The rest of my credit came from being added to DH's credit card back when we were dating/living together and he was worried about me travelling without a credit card. I think that raised me 100 points back then! He always pays the bill - no interest.
High limits are good, but never, ever, use more than 2/3 of it. (at least on a credit card)
Building good credit is very EASY. Ruining good credit with an unpaid bill is ever EASIER. Are you familiar with Dave Ramsey? The emergency savings account is crucial. I could have had good credit a long time ago if I had had enough saving to cover a medical bill that ended up going to collections.
Most my credit is from a line of credit on my checking account. I haven't used it in a decade and it still records a good mark for me every month. The rest of my credit came from being added to DH's credit card back when we were dating/living together and he was worried about me travelling without a credit card. I think that raised me 100 points back then! He always pays the bill - no interest.
High limits are good, but never, ever, use more than 2/3 of it. (at least on a credit card)
Building good credit is very EASY. Ruining good credit with an unpaid bill is ever EASIER. Are you familiar with Dave Ramsey? The emergency savings account is crucial. I could have had good credit a long time ago if I had had enough saving to cover a medical bill that ended up going to collections.