Credit Score Report Guide

TAG | Cards

Banks cancel thousands of credit cards
AUSTRALIAN banks have cancelled thousands of credit cards following a security breach involving the credit card facilities of a local merchant.
Read more on Australian IT

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Secured Credit Cards Help People Get Back to Life

Secured Credit Cards Help People Get Back to Life

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Question by peersignal: Best way to pay off credit cards to improve credit score?
As a college student, I’ve racked up some credit card debt. I have never missed a payment, and have always paid at least -10 over the minimum amount.

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Question by Kaytee: How high can my credit score climb if I have only credit cards in my credit history?
My current credit score is 745 and I’ve built it solely by using credit cards and paying on time (but never had any loans). Somebody told me that the abscence of installement-paid loan will prevent my score from climbing much higher. Is it true? Should I take some consumer loan to boost my credit score since I am planning to apply for a mortgage in the near future?

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