- Keep balances below 30% of your limit. If your limit is $3,000, your credit score can suffer if the balance hits $900. Make sure balances are below 30% of the limit on all credit cards.
- Pay more than the minimum. Paying the minimum just covers the interest. Paying over the minimum can help credit scores.
- Pay on time. Late payments can hurt credit scores. For help, sign up for notifications from creditors, your bank or online services.
- Close unused accounts, but keep an old one. Even if you’re not using cards, lenders worry you might. Close unused accounts, but keep an old one, and pay it promptly. Responsible behavior over time can raise credit scores.
- Come back to cash. Use cash for gas, beverages, even groceries. Watch your credit card statements shrink.
- Don’t open new credit cards and don’t make big purchases. Wait until after you close on your home.
*according to Wikipedia, a credit score is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit bureaus.
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