Money Matters
kelley198721
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
How quickly does your credit score go up?
So I've heard that if you make rent payments on time as well as other bills like cell phone, student loan, etc, that it helps your credit score go up.
I downloaded the Credit Karma app to track my score. Now granted, I've only used Credit Karma for about two weeks so I'm not surprised that my score hasn't changed.
But I'm wondering. Assuming that you're making payments on time and paying all your bills, how much does your score change? How quickly does it go up? Every month? Every two months? Longer? I'm not asking how long it takes to make it go up 50 points. Just wondering how long it takes for it to change, even a little bit. Like 5 points or something.
Re: How quickly does your credit score go up?
Rent, cell phones, medical bills and utilities do not appear on your credit reports unless you have slow pays and/or charge offs/collections on these sorts of accounts.
The only accounts that will appear on your credit reports and show payment history that is good as listed as "pays as agreed" will be loans, credit cards, and mortgages. On time, in full payments on these sorts of accounts are the only ones that will cause your score to increase.
I had a credit card when I was 19 (I'm 25 now) and I misused it to the point where it went to collections and they filed a judgment against me.
But when I finally got a "grown-up" job, I've been making payments since January to pay off this card. I still owe $1,636 though.
I've been toying with the idea of getting a secured credit card to build my credit back up. But I thought I should wait until I finish paying off what I already owe on that delinquent card.
What is your advice? Should I wait until that's paid off before I try to open a secured credit card?