prestige Score History - One Way to improve Score

Our credit score history is the corner stone of our financial well-being or not for many of us. You see in these downtimes, our credit ratings have taken a serious hit, therefore we must do all in our power to retain the damage or lessen the effects of it.

There are many methods out there that promise you great results but they have not been proven. It's almost scary as so many of these methods can cost thousands of dollars. Attaining a good credit rating is very simple.

Damage History

You have to be a responsible consumers and that's it! That means don't make late payments, don't procure unnecessary credit and so on. These conditions we all know yet we don't take them seriously. Till this very day the method that is used to intuit our ratings still weighs these sorts of attributes as the heaviest. So no wonder a lot of citizen get lost in all the bogus information that's out there.

I will frame one way to heighten you credit score history. Keep in mind this is not a set and forget plan but rather you will need to consistently adhere to it to see the real fruits of it.

Balance to limit ratio

• Only use 30% each of your credit lines
• If you are above that, ask for a credit line increase so you come to par
• Do not close any of your accounts

People who tend to have a revolving balance with a maxed out credit line suffer the most. You should ideally only use 30% of your credit line and leave the rest. This is what the credit reporting agencies are seeing for.

You can be above 30% but Do Not be close to your limit because that causes a lot of problems. First of all, you are putting yourself at risk of going over your limit, which causes a negative entry onto to your credit score history. Secondly, as mentioned, you decrease your limit to balance ratio in order to increase your credit.

prestige Score History - One Way to improve Score