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Basa1231: 2 months ago via iPhone

How to get more credit card points ?

like when some people try to buy a car in monthly payment for example a car worth 35000 and the company put a monthly payment of $199 but it requires you to have 700 point . am 14 years old and I know these stuff should not matter to me but I just wanted to know more about banks and these kinda stuff

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Answer 1

BrendaGreer: 2 months ago via iPhone

A good credit score is a very valuable asset and you need to develop and protect it. In your life you will open accounts. Make sure you pay them and on time. There are 3 credit card scoring companies and they each score you monthly. We just bought a house. Our credit scores are very high. Over 800. Most people have in the low 700's. If you want to buy a car or house you need good scores. In the case of a house, if you are taking a mortgage they give you points. They are developed and attached to your scores. This means you will pay more or less on your car or house payments. Hope this helps.

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Answer 2

boo153: 2 months ago via iPhone

You mean your credit score I believe. At 14 you are def too young but when you hit 18 you can get a secured credit card where you keep say $300 in the bank and they give you a credit card with a $300 line of credit. As you use it and pay it off it builds your credit score. Build slowly, pay off in full each month. Don't run too much on your cards. Don't apply for a bunch of cards.

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