Another bit of advice Green offers is to note how close you are to the credit limit on any of your cards. If you’re near the limit, that is a black mark against you in a lender’s eyes – the ideal is to have a balance of less than 30 percent of your credit limit. If you can’t pay down the limit, Green suggests asking the credit card issuer to up your card’s limit to get it below that 30 percent threshold. Paying close to attention to credit scoring details, insists Green, can up your score by 100 points in no time.
Tag: learn about credit scores
Extra Credit – Credit Scores: Are There Rewards for Responsible Repayment?
True, it’s just a number, but maintaining a good credit score is key to getting the best rates for your mortgage and car loans We all have numbers that, for better or worse, define us. Age is an obvious numerical marker, but so too are the ones that your doctor hectors you about – weight,… Continue reading Extra Credit – Credit Scores: Are There Rewards for Responsible Repayment?