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Get credit cards. Spend up to the limit as needed. Pay them off every month. Get loans, pay what's due every month. Only get loans you can see yourself paying off even if things go sideways. Check your credit every quarter.

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Liam Larson

@liamelarson

Jul 25

No credit card? Bad for credit. Spend credit card too much? Bad for credit. No loans? Bad for credit. Too many loans? Bad for credit. Looking at your credit? Bad for credit.

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Wes

@weskerfoot

Replying to

@rasmansa

Also it's normal to see your credit score go down a bit after you start paying stuff off because of the way the FICO scores work. They group together similar profiles based on some features (that we don't really know exactly).

creditmashup.com

FICO Scorecard Buckets may be why your credit score won't budge

FICO groups consumers with similar credit histories together in Scorecard Buckets. These buckets can be responsible for scores not improving.

11:55 AM · Jul 25, 2022Twitter for Android