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Everything you do on credit improves your credit rating. The reality is that your credit rating is NOT a measure of how responsible you are with money. The way the formula works, the more you use credit, the higher your rating. (If you think about it, Paris Hilton leveraged to the max and near bankruptcy will have a near perfect score as long as she's paying those bills.)

by Liberal AssKicker

1 month ago

Asker's Rating: 

it doens't. paying it on time does.

by ez80227- 1 month ago

Hello... if you aren't using your credit, then why would your credit rating get better? Credit is just that.... Credit. It isn't money. The best credit score I have seen in my years of reviewing credit scores is a 848. This person worked as a bus driver for 35 years. She always had credit cards and she never paid them off but instead only paid minimum payments. This was a credit card companies best customer. Credit does not determine how much money you make or determine whether ou ahve the capability to repay it. Credit is primarily used to determine what your capability is to only pay the least amount possible so banks and lenders can get the most money out of you in the long run without risk, but make the most money. Because you have a house mortgage now, the banks would now see you as having even less money to pay off your credit cards every month but instead make the minimum payment due but still be on time. Your credit rating is going up because you aren't rich, you are a poor middle class "peasant" who will work the rest of his life to be a "peasant" with a dangling carrot always in front of you for the remainder of the life of your mortgage. They have you right where they want you. Good luck with that!

by zorn- 1 month ago

You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-free.totalh.com

by Larry- 1 month ago