How charge cards influence your FICO assessment?

1 post Page 1 of 1
Post Reply

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Fri Apr 29, 2022 7:14 am
Quote
A charge card will impact on your credit score as it is, in effect, short term credit, being paid back in full at the end of each month. However, it does not illustrate long term responsible use of credit, which can boost your score even more, in the way a credit card would ---- assuming in all cases that the cards are used correctly and repayments kept on track.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
Post Reply
1 post Page 1 of 1
Return to “credit”