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Month. you say that's not a good idea. why? >> well, the way i say it is you should use your credit card for convenience and to build those good credit references so that you can then invest in debt and get the best rate. use your credit card for expenses, routine expenses that you can pay in full and occasional special occasion like a vacation or holiday gift. but then pay it off quickly and then that builds your credit scores in the very best way to be so when you get ready to invest in a house or car or a small business loan, you'll get the very best rate. >> rick: for those whose scores ma...

Called live credit smart. we hope those will help people get their answers. the first thing is never miss a payment. if you've already done that, it's not going to disappear. it will be a part of your history. so what you need to do is to demonstrate that you now can manage your credit by using your credit card, paying it in full each month and the most important thing there is to keep your balances low compared to your credit limits. that's called your utilitilization. that's a strong factor in having the best credit scores. you also need to know that there isn't just one credit scoring model...