| Need to improve credit scores quick? Maybe you | | | | increase your combined credit limit to $20,000 you'd be |
| want to make a credit purchase in the next couple of | | | | at around 10% (This is only a tool. I NEVER advocate |
| months and want to get a better rate? If so, this article | | | | increasing credit limits if you have spending issues that |
| is for you. Use these two simple strategies to give | | | | will lead to increased debt). |
| your credit score a quick boost. | | | | Stop using cards. Second, you'll want to stop using |
| Lower your credit card debt ratio. First, you'll want to | | | | your credit cards. You shouldn't really be using credit |
| lower your credit card debt ratio. If you have credit | | | | cards to begin with but that is for another time! That is, |
| cards use this strategy. Your goal is to lower the | | | | unless you use the card as a tool and pay off your |
| revolving credit available to you. If you owe $2,000 but | | | | balance every month. I regress. Even if you pay off |
| can borrow up to $16,000 overall your credit card debt | | | | your monthly balances there's a chance your lender |
| ratio would be around 12.5%. | | | | may pull your credit score the day before your |
| You should pay off enough debt to get under 10%. | | | | payments post. This would show a higher revolving |
| You'll see your score pick up fast. According to you | | | | credit percentage. In the month before applying for a |
| could gain 50 or more points right off the bat! That is | | | | loan stick to paying with cash. |
| too cool, huh? This also works in another way. You | | | | Use these two strategies a few months before |
| could get your credit card companies to increase your | | | | applying for credit. You'll jump-start and improve credit |
| credit limits to lower your revolving credit by increasing | | | | scores quick. This will likely get you a better interest |
| your overall credit line, get it? | | | | rate. Remember: do your own research and good luck! |
| In the example above if you could get the creditors to | | | | |