Credit Dos and Don’ts:
Always keep your balances on your credit cards between 0-30% for maximum results on your scores.
Credit is based on timely payments and the history of accounts. Therefore try to keep good accounts open so they can develop a history of on-time payments
Credit is not just rated on one category there are installment loans, revolving loans(credit card), and mortgage loans(home) the more positive accounts that you have in all of these categories the better.
Please note when credit cards are over there limit or above 30-50% of their limit your score can drop as your available fund or limit reduces.
After a bankruptcy the best thing to do is re-establish positive credit to outweigh the old negative credit and show your ability to pay on time.
Check your credit regularly to make sure all items on there are yours, if for some reason there is an inaccuracy take the proper steps to dispute the inaccuracies.
Always keep your balances on your credit cards between 0-30% for maximum results on your scores.
Credit is based on timely payments and the history of accounts. Therefore try to keep good accounts open so they can develop a history of on-time payments
Credit is not just rated on one category there are installment loans, revolving loans(credit card), and mortgage loans(home) the more positive accounts that you have in all of these categories the better.
Please note when credit cards are over there limit or above 30-50% of their limit your score can drop as your available fund or limit reduces.
After a bankruptcy the best thing to do is re-establish positive credit to outweigh the old negative credit and show your ability to pay on time.
Check your credit regularly to make sure all items on there are yours, if for some reason there is an inaccuracy take the proper steps to dispute the inaccuracies.
