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Improving your credit score

SEEN THIS MORNING
July 27, 2009 6:59:21 AM PDT
What you purchase can affect your credit worthiness.Every time you break out a credit card, a bank could be assessing your spending behavior and drawing conclusions about your credit worthiness.

In the book "Credit Card Nation," you'll find a list of 10 things you should not charge on your credit card. The idea is that certain purchases you charge can make you look desperate, unstable or trying to escape from financial worries.

That part of the list includes luxury items, marriage counseling, cash advances, lottery tickets, traffic tickets, personal pampering and alcohol.

Some other things to keep in mind: Whenever you use your credit card to pay another bill, like your taxes, it raises a red flag. Also, pay attention to the kind of credit card you're using.

BillShrink.com is one Web site that claims to have your back, or at least your wallet.

The site asks a few questions about your spending habits and tells you what you need to know.

The bottom line is learn how to make sense out of plastic. You may end up with a little more paper and better credit.


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