Target Charge Card

Veronica

Veronica

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WOOOhooOO.. I just got approved for a target charge card.. :) I went in there to buy a new bed spread and I figured (what the hell.. this is one of my favorite stores and the worse they can do is turn me down...) well, they didnt- and I got me a charge card! LOL ;) However, it has a zero balance and it will stay that way because I dont want to have alot of debt.. I basically got it to HELP my credit score.. and not hurt it. :)
 
vshayes said:
WOOOhooOO.. I just got approved for a target charge card.. :) I went in there to buy a new bed spread and I figured (what the hell.. this is one of my favorite stores and the worse they can do is turn me down...) well, they didnt- and I got me a charge card! LOL ;) However, it has a zero balance and it will stay that way because I dont want to have alot of debt.. I basically got it to HELP my credit score.. and not hurt it. :)
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Just having it won't help persay, but in knowing that you got it shows you your credit is on the rebound.

Make a few small purchases and pay them off once a month or a few times every few months. That'll help your credit in showing that you can handle paying a debt on time.
 
exactly! so maybe later down the line, I can refinance my house and have lower interest. :)

I already paid it off.. and plus, I really dont go shopping much because I KNOW I dont need to.. I have bills to pay! LOL. I would rather get all my shit paid off before I buy for myself. :) However, I did buy a comforter set for myself and my boys.. That was our big purchase :)
 
here's what you do.. DONT pay it off every month. That shows that you can't manage debt...that just shows that you know how to pay it off every month. Use it once for a purchase of $100 or $200...then pay the minimum on it for 6 months..after 6 months THEN pay it off! This shows the credit bureaus that you know how to handle debt. This is what everyone at the bank has told me to do.
 
BreakfastSurreal said:
here's what you do.. DONT pay it off every month. That shows that you can't manage debt...that just shows that you know how to pay it off every month. Use it once for a purchase of $100 or $200...then pay the minimum on it for 6 months..after 6 months THEN pay it off! This shows the credit bureaus that you know how to handle debt. This is what everyone at the bank has told me to do.
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All they look at is if you make your payments on time or not. Having more outstanding debt is detrimental to your score. It's called your income to debt ratio.

If you make 100k a year and have credit out the ass, having 100k in outstanding debt will only help to lower your credit score.

Because of the house and my credit cards, my credit score dropped by 60 points. I went from 750 to 690ish in a years time.
 
I don't even know my credit score. Of course the banks want you to keep a balance, cause they get their money that way.
 
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