Home arrow Mortgage Forums arrow Credit Problems and Repair arrow

Pay bills on time and

Author Message
Icon Mini Profile welly





Joined: 11 Aug 2009

Posts: 1

0.00 Dollars($)
Post Posted: Tue Aug 11, 2009 9:00 pm    Post subject: Pay bills on time and
Like 0
Dislike 0

I am in a process to improve my score. Now if I continue to pay my bills in time, how many points can I get added to my score?
Icon Mini Profile JKennedySLG
JKennedySLG
Community Expert
Community Expert

best lender badge

Joined: 01 Apr 2009

Posts: 408
Location: New Jersey/New York
20.05 Dollars($)
Post Posted: Tue Aug 11, 2009 9:30 pm    Post subject:
Like 0
Dislike 0

There is no set number of points you will gain per say as far as I know. One rep with a credit company once told me you should gain 4-7 points for a clean profile (on time payments, no inquires, and no maxed out balances) every 30 days. Depending on how close or far you are from the score you're looking for, you may want to check with your loan officer for his/her thoughts.

Keep in mind you do not want to keep running your credit if its been fairly recent since the last pull. I hope this helps...

_________________
James Kennedy
New York/New Jersey
(732)979-7409

Hard Money & Stated Income Loans
First Time Home Buyers (540+ Credit)
Icon Mini Profile Garysnober





Joined: 17 Mar 2009

Posts: 450

15.29 Dollars($)
Post Posted: Tue Aug 11, 2009 11:40 pm    Post subject:
Like 0
Dislike 0

Hi, It just depends on all kinds of numbers. On how many points you will get for paying bills on time. There is just too many factors that go into creating a fico score. Paying your bills on time and keeping you debt low is the best way to increase your score. And checking your own credit does not effect your credit score.
Icon Mini Profile moresouthbayhomes





Joined: 12 Aug 2009

Posts: 6

3.18 Dollars($)
Post Posted: Wed Aug 12, 2009 4:29 pm    Post subject:
Like 0
Dislike 0

Credit card bills, installment payments and any sort of loans are of the utmost importance to be paid on time. If you are slightly late on a utility or a cable bill, it won't show on your credit unless it goes to collections. I am NOT advising not to pay these on times however.

Decrease amount of credit being used, increase amount of credit offered and continue to pay everything without lates...this will improve your score.
Icon Mini Profile Realgeni





Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
Post Posted: Wed Aug 12, 2009 9:18 pm    Post subject:
Like 0
Dislike 0

If you pay ill on time with out accumulating any more debt you can improve your score atleast 5 - 10 points
Icon Mini Profile litisham





Joined: 23 Jun 2009

Posts: 116

-0.62 Dollars($)
Post Posted: Thu Aug 13, 2009 9:23 am    Post subject:
Like 0
Dislike 0

you can improve your score by paying bills upto 10 points.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

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 on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.083 seconds.