How to Improve Your Credit Score

Topics:
Commercial Lending
Tags:
Balance,
Global Credit Solutions
Source:
Global Credit Solutions

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Overview: What is your outstanding debt? Many scoring models evaluate the amount of debt you have compared to your credit limits. If the amount you owe is close to your credit limit that is likely to have a negative effect on your score. Maintaining a low balance on multiple cards is better than high balances on one. Keep your balance under 30% of maximum as a rule but don't run out for more cards just before applying for a loan because recent applications cost you as shown in below in #'s 3 and especially 4 below. Read the article to know how to improve your credit score.

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Format: HTML | Date: Dec 2000 | Pages: 1

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