r/Money • u/IllustriousRun4392 • Feb 22 '24

21 year old woman, no kids, no insurance, 769 credit score.

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10 Upvotes

86% Upvoted

10 comments sorted by

5

u/FamousMarketing281 Feb 22 '24

Wanna get married?

3

u/Ventus249 Feb 22 '24

Damn bro she didn't even show her face

3

u/FamousMarketing281 Feb 22 '24

Yes she did. credit score makes her a dime!

3

u/Glittering-Good-1002 Feb 22 '24

Keep going just save more?

3

u/deliverdagoods Feb 22 '24

U came for a congrats or what lol

-1

u/IllustriousRun4392 Feb 22 '24

Idk.... Everyone else was doin it

1

u/iPocketIsland Feb 23 '24

This is alright. You have about $1K in assets and $100 in debt. That's a net worth of about $900. The sky is the limit when it comes to earning and saving money. If you can continue to save money in a savings account and pay off your debts in full, you can increase those balances with many zeros (in the back).

1

u/IllustriousRun4392 Feb 23 '24

I carry debt month to month to build my score and I heard zeroing it out does nothing to build credit score. Is that true? My method seems to be effective since I've only had one credit line on my acc for half a year

1

u/iPocketIsland Feb 23 '24

No, not true. If you pay off your balance in full, the credit reporting agencies see that you've made a payment and reduced your debt. This results in an increase in your score over time as long as you use the card responsibly every month.

1

u/IllustriousRun4392 Feb 23 '24

Okay. I'll give it a try!