Thread: Investing 102
View Single Post
  #4  
Old 11-15-2012, 08:51 AM
chr2002ca's Avatar
chr2002ca chr2002ca is offline
Senior Member
 
Join Date: Jul 2008
Location: San Diego, CA
Posts: 775
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by GrabberGT View Post
The more reliable you are at paying interest, the more valuable you are to them hence the higher score.
You nailed it Chris. It's a combination of your credit history AND your record of paying interest reliably on revolving debt. The more often you run a little balance on the credit card, the higher the score. Ass-backwards of course, but the score is tailored more for marketing than anything.

Greg, next time I see you I'll have a gold star for you. Big ass thing that'll cover the back of your shirt.
__________________
Chris Robinson
1969 Camaro SS/RS, 489 ZL-1 MPFI, T-56 Mag
Reply With Quote