Quote:
Originally Posted by cowboy8055
The only way to really increase your credit score is to take on more debt and pay that debt off responsibly. It's basically a measure of how well you pay off your debts. The more debt you incur and pay off the better your score. It's a bit of a catch 22.
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While this is true, you also have to watch your debt to credit ratio. Ex: say I have 2 major C/C's and few minor store cards with a total credit limit of $35,000. The total amount you have outstanding affects your score. The lower the better. Also figured in are late and nonpayment on the accounts.
And yes what the OP is promoting is a scam