Credit Tip: Increase Your Score in 30 Days

[Brent Sweet]

When starting out you're likely going to get more traditional financing.  Today if your FICO score is below 750 you're not getting the best rate which means you are leaving money on the table.

In 30 days you can increase your credit score if you have outstanding credit card balances.  Here is what you should do:

1.  Find the credit limit on all of your credit cards individually 

2. Take that number time .05

3. At least 5 days before your statement is put out pay each of your cards down to the number found in #2

This is perfect utilization.  It shows you use credit, but responsibility.

It does not matter one bit how much you put on that card in a single month as long as you follow these rules.

I'll post more tips soon!