A really great way to enhance your credit score is to ensure that none of your credit cards are maxed out. Even a credit card with a $500 limit that is running a $450 balance will have a really bad affect on your credit score. A basic of the credit repair tips is that if you max out your credit cards your credit will suffer. You are better off having a few extra credit cards with low balances that just one or two with high balances.
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Try to keep your credit to debt ratio less than 50%. It is far better to have a card with a $2500 limit running a $450 balance than a care with $500 limit running a $450 balance.
Try to keep your credit to debt ratio less than 50%. It is far better to have a card with a $2500 limit running a $450 balance than a care with $500 limit running a $450 balance.
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Keep you total credit card balance at less than 50% of your total available credit. Make sure that your balances are spread around your credit cards so that no individual credit card is running a balance of more than 50%.
Keep you total credit card balance at less than 50% of your total available credit. Make sure that your balances are spread around your credit cards so that no individual credit card is running a balance of more than 50%.
If you are running large balances arrange to pay them down before applying fro a mortgage. Merely by paying down your outstanding credit card balances to less than 50% of the credit limit you will improve your credit score by up to 50 points. This could be the difference between you getting a great interest rate or having to settle for a mortgage for poor credit. If you utilize these credit repair tips in tandem with your credit report you should be able to improve your credit score.
