The less credit I have, the better my score will be

Author Message
Icon Mini Profile creditcure2




Joined: 05 Nov 2009

Posts: 2

1.61 Dollars($)
PostPosted: Thu Nov 05, 2009 10:02 pm    Post subject: The less credit I have, the better my score will be

Fact: As much sense as this might make to you, it is not true, regardless of what your grandfather says. Credit bureaus want to see that you can handle credit responsibly. Consumers who declare bankruptcy often wipe their hands clean of debt, saying they will never again have another credit card. But what they might not realize is that no credit is just as bad as poor credit. The best way to have a solid credit score is to have a healthy mix of credit and a solid payment history. You have to prove to the bureaus you have the discipline to handle credit. The only way to do this is to have a proven track record.
"http://thecreditcure.com/"

[Link deactivated as per forum rules. Thanks.]
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 2620
Location: New Jersey
409.63 Dollars($)
PostPosted: Fri Nov 06, 2009 3:01 am    Post subject:

Quote:
Credit bureaus want to see that you can handle credit responsibly.
I agree with this absolutely. Credit bureaus will look into the fact as to how efficiently a person manages his debts. Bankruptcy poses a great threat to ones credit. It is always better to avoid that and rather take other steps to come out of the financial crisis. While taking credit card loans or mortgages, it is the borrower's duty to check whether or not he would be able to afford the debts in the long run.
_________________
Good is the Enemy of Great.
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk



DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0