How to Increase and Manage Your Credit Score


Are among the thousands who have been devastated by the economic blight that has swept across America over the last 5 years and are now looking to improve your credit score?

Now before you sprint into the credit race, first take a step back and form a spending plan or budget based on your income and fixed living expenses. Late payments are the single-most common factor that hurts credit scores! Make sure all your credit card payments on time and try to automate regular monthly payments so you don’t miss any.

The ratio of credit you use to available credit is just as important as your on-time payment history. If unpaid balances are more than 30 – 35 % of your available credit, that can lower your credit rating. Try not to carry large revolving balances on credit card accounts.  Ideally, try to zero out the balance at the end of…

View original post 235 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s