Credit!??!?

im just starting out trying to establish good credit i already have a auto loan and two credit my question is after reading other people comments about not using up not more then thirty percent of your available credit line on my first credit card my limit was hundred and fifty dollars and i would use the full amount every month but would never go over the limit im wondering sense i used a hundred percent of my available credit will that hurt my score????@? ive had thecard for six months now and they have moved my limit to five thousand dollars is that a good sign???@|||The 30% mark or 50% mark is what you roll over from month to month, or your outstanding balance. If you use your credit card and then pay the entire balance each month that will not affect your score.





The fact that they have raised your credit limit to $5,000 is indicative of this fact.





Keep up the good work and don't allow the large increase change your spending habits. The credit company has given you the increase in hopes that you will charge and that they can earn interest off of you.|||Yes, that is a bad thing...Maxing out your credit card does NOT look good on a credit report.





When you apply for another credit card, or a bigger loan, they're going to see that, your balance each month always equaled your credit line!





So, my suggestion is, STOP maxing it out!





Yes, that is a good thing that they increased your credit line!





But, essentially, the company wants you to charge more and more, so THEY can make more money off you!





Sorry to say, but all credit card companies make money off their customers!





by the way, what credit company is this?





email me!|||So you have bad credit, right? Doesn't matter. You still have a possibility of getting loans. You must take utmost care before taking out bad credit loans. Otherwise, the very loan may become a repayment burden and a new debt. Therefore, it is not wise to apply for the first such loan offer that comes your way you must do your%26lt;!--homework first and then go well prepared for the loan. First, take out all the copies of your credit report from all the three reputed agencies, instead of having the report from just one agency only. The loan provider may ask for the report from any agency.





http://badcreditloans.awardspace.com/





Check the report thoroughly for any inaccuracies in it. Make sure that all the past payments find a correct mention in it. Secondly, apply for the loans with an improved FICO score. Because of late payments, arrears--%26gt;payment defaults or CCJs in your name, your score has slumped. You should try to pay off some easier debts. Your rating will go up a bit in few months. This will help in winning the loan providers' confidence to some extent and the approval may be easier to come.|||This website has a wealth of information that has helped me recently.


http://blog.creditlawgroup.com/


Also if you havent already yet i would check out annualcreditreport.com it is the only website where you can get all three of your credit reports for free once a year.


Once you recieve them look how they report the information about your credit card.Sometimes they will put in notes that may or may not favor you. Just my 2 cents.