How To Boost Your Credit Score Instantly

How To Boost Your Credit Score Instantly

You probably know that paying off your credit card bill every month is the best way to boost your credit score. But did you know that if you do have a balance and it is much over 30% of the limit capacity that it could negatively affect your credit score? Your utilization ratio or credit limit, is calculated by weighing the amount you owe on each card with what your credit limit is. So if your credit limit is 1000.00 and you owe 500.00 then that can definitely lower your credit score.

So a quick way to  fix this is call your credit card companies and ask them to raise your credit limit.  So instantly your percentage of what you owe compared to you credit limit is changed immediately. You must discipline your self not to run up the limit on the card though. It's a good idea to raise your limit even if you pay off your balance every month because most credit card companies report balances mid cycle to the credit bureaus so your FICO number may be determined based on what you have charged at that time before the bill is paid off.

One of the main reasons people always try to keep their credit score in the best shape is for "big purchases" like a house! Check out these homes below in the Columbia, South Carolina area.

Columbia and surrounding area homes

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Call Margaret Ganis at 803-261-1506 for all of your real estate needs!

Margaret Ganis is a licensed real estate agent with Exit Midlands Realty. Specializing in buying and selling real estate in the 

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Phone: 803-609-7641
Dated: December 30th 2014
Views: 1,026
About Braden: Let me start off by saying how proud I am to be a part of the SC Exit Realty family. After being ...

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EXIT Midlands Realty
PO Box 807
Chapin, SC