Establishing
credit over an extended period of time is an important factor when trying to raise your FICO score for free.
Not exact matches
When used correctly,
credit cards can make some
of these large purchases or improve
credit by demonstrating a positive
credit history
over an
extended period of time.
Finally, another version
of credit builder loans are unsecured personal loans for very small amounts that you repay
over an
extended period of time.
With a limited
credit history, however, lenders have no record
of a person's ability to make payments
over an
extended period of time, making them appear risky and unworthy
of receiving access to
credit.
Also, although
credit card issuers can't charge an inactivity fee on a consumer
credit card account, lots
of people carry business versions
of the cards and many
of them are subject to maintenance fees for nonuse
over extended periods of time.
Equifax is well aware
of that, but appears to be more interested in making money from its existing
credit services after their short free intervals expire than forking it
over to rightfully rageful consumers for covering fees elsewhere or for
extended periods of time.