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Old 16.03.2012, 13:40
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The_Love_Doctor The_Love_Doctor is offline
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Re: Credit Score Rating/Agency in CH

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I don't know about it being 100% a myth... Obviously I don't believe credit cards serve as the only variable in building credit, but I assumed they are an important element in determining client credit history. Maybe I was assuming wrong.
Well every credit card provider looks at the payment history differently, I mean if you have a good history of paying interest over a period of two years with a medium size balance then they would look at you like a cash cow generating money for them. if you are the type who spends money on the credit card regularly and pays it off at the end of every month, you might not look so good for a provider who wants to target customers of that kind but you will be quite favoured for a provider looking to get customers to increase their volume of transactions and hence the fees they get from retailers.

It all depends on the provider's target customer base. So just using a credit card doesn't necessarily increase your likelyhood of getting a loan or a mortgage with others.
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