Looking for a quick fix on credit scores. Try this.
1. First, on regular bills as well as loans, always make at the very least the minimal payment due — on time. If you have online banking set up automated payments for recurring bills. As well set text or email alerts when your bank balance tumbles below what you are comfortable with.
2. Know your available credit and balances. You want to keep it down around 30% . Example available credit 10,000 you don’t want to get above 3,000. Try to get a credit line increase. Crazy but true. Credit line of 20,000 you can now have 6,000 debt and stay within the zone
3. Do not systematically close older, extra credit card accounts, since 15 per cent of your credit score is based upon your size of credit past. In reality you may want to make occasional modest purchases on less-active credit card accounts to help guarantee they usually aren’t closed by the lenders for being under used.
The Skinny on Credit Scores: Constantly reviewing how — as well as when– you pay your debts can go a long way toward enhancing your credit score.
Tags: extra credit card accounts, r d, credit line, Online banking