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Is it better to have stuff on your credit report or not?

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February 02 2010 - Edgewood
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Answers (2)

Profile picture for RJ Ham
It is useful to have some revolving and installment history.  This would be a credit card that is used correctly and loan with good history, maybe a payed off car loan or student loans.  This payment history will help to build a strong score.  Be sure to not carry high balances on any revolving debt.
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February 17 2010
Profile picture for sunnyview
You need some stuff or your don't have much of credit report. You just don't want bad stuff. A credit history showing responsible use of credit will give you higher credit scores, lower your interest rate, give you more options for lenders and lower the overall cost of borrowing.
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February 03 2010
 

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