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Mortgage Broker News | 09 Nov 2018, 12:01 AM Agree 0
The importance of a high credit score is, unfortunately, lost on many borrowers, but with a little discipline and dedication, they can get back on track
  • Ross Taylor | 09 Nov 2018, 09:11 AM Agree 0
    These are all good points except I was a bit perplexed by James' assertion one should wait for the interest free period to ensure the activity is being reported. If you want the reported balance to be low, relative to the limit, you might want to make payments prior to the statement date, since the balance on that date is the one reporting to the bureaus.

    I have never had a problem with clients deploying a strategy where they use their cards regularly and make early or even frequent payments.
  • Deb | 09 Nov 2018, 10:55 AM Agree 0
    Just wanted to mention a prepaid Visa is not reporting to the bureau. A SECURED visa will report. There is a difference, and it should be clarified. Prepaid visa can be purchased anywhere.
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