Comments on: Credit? http://creditconnectpro.com/credit-7/307/ Free Credit and Debt Information Fri, 18 May 2012 14:30:46 +0000 http://wordpress.org/?v=2.7 hourly 1 By: DAS http://creditconnectpro.com/credit-7/307/comment-page-1/#comment-754 DAS Sat, 12 Jul 2008 16:36:31 +0000 http://creditconnectpro.com/credit-7/307/#comment-754 Spifman answer is on the one, since he is in the industry, he knows. I would say keep paying your credit cards on time, even get a higher credit limit on your charges, just don't use it. You may want to get a current credit report to see what might be keeping your score down. Spifman answer is on the one, since he is in the industry, he knows. I would say keep paying your credit cards on time, even get a higher credit limit on your charges, just don’t use it. You may want to get a current credit report to see what might be keeping your score down.

]]> By: SPIFIMAN1 http://creditconnectpro.com/credit-7/307/comment-page-1/#comment-753 SPIFIMAN1 Thu, 10 Jul 2008 03:12:03 +0000 http://creditconnectpro.com/credit-7/307/#comment-753 Auto finance is what I do for a living so I will attempt to answer your questions. 1. They most likely have a computer that approved you based on your score alone. (Rare but it doe's still happen) 2. I wish I knew, it's getting harder and harder to get even people with good credit approved. 3. It will help, but to have the very best score and profile you need at least 3 credit card accounts (revolving) with balances below 30% of your limits and 2 cars, boats, homes, computers, furniture or personal accounts (installment) all with good long pay history's. The reason is scores are based on the following; 1. Payment history 35% 2. Time in bureau 15% 3. Types of credit 10% 4. New credit 10% 5. Debt to credit ratio 30% Auto finance is what I do for a living so I will attempt to answer your questions.

1. They most likely have a computer that approved you based on your score alone. (Rare but it doe’s still happen)
2. I wish I knew, it’s getting harder and harder to get even people with good credit approved.
3. It will help, but to have the very best score and profile you need at least 3 credit card accounts (revolving) with balances below 30% of your limits and 2 cars, boats, homes, computers, furniture or personal accounts (installment) all with good long pay history’s.

The reason is scores are based on the following;

1. Payment history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%

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