Quote:
Originally posted by Daval
One of the things I did to get a good credit rating was to make lots of purchases with my credit card instead of my debit card and when I got home I would log in to my bank account right away and transfer the balance over that I just spent.
This would show lots of transactions with lots of payments.
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Your score may have increased, but - The credit reporting agencies only see that you made 1 monthly payment on time and your balance is low.
The same effect can be achieved by charging a pack of cigarettes to your credit card, waiting for the bill, then paying it in full... Simpler, but perhaps less fun way of doing it
