Credit Card Overcharges

2010/08/10

Ways To Increase Credit Score

Filed under: Banks, Credit Cards, Credit Score, news — admin @ 7:17 am

Here are some ways that you can help increase your credit score:

1. Request a credit line increase. The one factor of your credit score you have the most control over is credit utilization. Credit utilization is simply a calculation of how much of your credit you are currently using. A simple total balance owed divided by total credit limit. So, you can either decrease the total balance owed or increase the total credit limit.

2. Pay off Debt. This is really a no brainer but the best option after you have already increase your credit card limit.

3. Charge Less. By keeping your statement balances lower, you lower your credit utilization without much effort.

4. Consolidate Credit Cards. If you have multiple credit cards with one issuer, consider consolidating them.

5. Review your credit report for errors and omissions.

These are the five easiest ways to help increase your credit score. I hope it helps.

Powered by Credit Card Over Charges