STEP 1 To Raise Your Credit Score

STEP 1 To Raise Your Credit Score

1. Watch those credit card balances

One major factor in your credit score is how much revolving credit you have versus how much you're actually using. The smaller that percentage is, the better it is for your credit rating.

The optimum: 10% percent or lower. It is not 30% "DO NOT BE FOOLED"

To boost your score, "pay down your balances, and keep those balances low," and make sure to pay your balance down before the cycle date. Click on the link below in red to download the file. 

If you have multiple credit card balances, consolidating them with a personal loan could help your score. Do not close the credit cards though.

What you might not know: Even if you pay balances in full every month, you still could have a higher utilization ratio than you'd expect. That's because some issuers use the balance on your statement as the one reported to the bureau. Even if you're paying balances in full every month, your credit score will still weigh your monthly balances.

One strategy: See if the credit card issuer will accept multiple payments throughout the month.


                                                                                                        Compliments of:
Image title


Joshua Smith Headshot
Author:
Phone: 623-703-7445
Dated: August 23rd 2017
Views: 67
About Joshua: ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Union Park At Norterra Homes For Sale - Union Park at Norterra is a
Most Important Tip To Boost Your Credit Score - The following is how to pay your
STEP 7 To Raise Your Credit Score - 7. Don't obsessYou should be laser
STEP 6 To Raise Your Credit Score - 6. Don't hint at riskIf you're

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

REVISTO Real Estate Group
15282 W. Brookside Ln Suite 119
Surprise, AZ
623-748-1099