Don’t we all love to have a high credit score? I sure do. It’s crazy, but somehow we are “defined” with what the three numbers are, and what they mean.
Let me share with you a few ways how to improve that credit score:
1. Pay down the cards that are almost maxed out. Meaning those that we have balances on and the balance is close to the credit limit. Any credit card that has a balance of more than 50% of the limit brings down ones score so it pays to settle them first.
2. Pay every single bill on time. Any late payment will significantly affect and decrease your credit score.
3. Do not close down or cancel an account. Why? Because, the score is computed based on the percentage of credit available and if you opt to close accounts, the overall credit limit available will decrease and the percentage of the total of what you owe will be higher. Just pay off and keep the cards in the freezer, *lol*.