I was fortunate to receive specialized experience in the Credit Correction Industry. I was intensively instructed by one of the top elite experts in the world on Credit Restoration and all applicable Federal Laws. While working side by side with this former Legal and Compliance Executive from Experian, who had previously testified before Congress in regards to Credit Repair, per a congressional inquiry, on behalf of the entire Credit Repair Industry, I learned one of the easiest and effective tips to help my clients flex their credit score muscles.
USE YOUR CREDIT CARDS SPARINGLY
He stressed how important it is to use as little of your credit line as possible.
IE: keep your credit utilization rate low.
A good rule of thumb is to never use more than 30% of the credit you have available to you at any given time. When you use your credit cards sparingly, you can make sure you can always afford to pay back what you owe. This can positively impact your credit score, and it signals to lenders that you’re more likely to pay back your balance. This debt to available credit ratio makes up a HUGE 30% of your credit score, so utilize this credit score building exercise ASAP!