One of my favorite ways to boost a person’s credit card score is to teach them about the magic of authorized users. Authorized users are people who have permission to use other people’s credit cards. For instance, your husband might have a Citi card. His name, and his credit score, was used to apply for [...]
What types of credit do I need to get the best credit score?
Philip Tirone’s Answer: About 10 percent of your credit score is based on the various types of credit you have. Ideally, you should have:
Between three and five major revolving credit cards. (Read the post: “How Many Credit Cards Should I Have?”)
One mortgage.
One helpful [...]
Posted in Credit Scoring 
Tags: credit card score, Credit Scoring, Philip Tirone, types of credit 
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When it comes to your credit score and credit card score, the older the better, meaning the older your credit history, the better credit score you will have.
Though 22 factors determine a credit score, these factors can be grouped into five categories:
1) Your payment history
2) The amount of money you owe
3) The type of credit [...]
Posted in Credit Scoring Tags: Better credit score, credit card score, Credit Scoring, Philip Tirone 6 Comments »
How to Save the Economy Through Credit Education
Want a simple plan to learn how to save the economy? Try increasing your credit score, and teaching your family to do the same.
Just look at the cold, hard facts:
At least 100 million people have credit scores that fall below 720.
If your score falls below 720, you [...]
Credit inquiries count for about 10 percent of a person’s credit score, and they are also a factor we consider when assigning you a credit card score. The more inquiries you have into your report, the lower your credit score, especially if they occur within a short period of time.
Generally speaking, inquiries take about five [...]
A “credit card score” is a letter grade that reflects whether your credit card habits are helping you build credit or causing you to have bad credit: An “A” credit card score is excellent; an “F” indicates that you likely have bad credit. The lower your credit card score, the more likely you have bad credit and need to make immediate changes to your credit card behavior.
How many credit cards do you have? How high is your balance? Do you pay your bills on time and in full? All of these factors are used to determine your credit card score.
Do you have good credit or bad credit? Take the quiz: What is my credit card score?
