# Credit Repair 101

**URL:** <https://forums.speedlife.net/t/credit-repair-101/26976>\
**Category:** NYSpeed Off Topic\
**Created:** [April 2, 2007, 8:00pm UTC](https://forums.speedlife.net/t/credit-repair-101/26976 "2007-04-02T20:00:25Z")\
**Posts on this page:** 1\
**Showing post:** 42

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**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\
**Post date:** [November 3, 2007, 1:31pm UTC](https://forums.speedlife.net/t/credit-repair-101/26976/42 "2007-11-03T13:31:30Z")

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[quote=“98SS10,post:5,topic:38037"”]

Creditors are looking at your month to month balance, as long as your consitently chipping away at something theyre happy. Believe it or not if you payoff a CC down to a zero balance at each statement it shows a zero balance and really doesnt effect yer credit. if you bought something like worth $1000 and paid it off say $100 per month, that establishes credit, as if to say-hey this guy is responsible enough to make his month to month payments. As far as yer question i would guess renting would look better but im not sure how they’d find out about yer residency technicalities.

[/quote]

dunno how true this is but hey

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