Fix Credit Score By Paying Down the Debit

Credit score can be fixed by paying the large amount of the debits that you have.After the payment history,it is this ratio that how much money that you are using when compared with the amount that you are eligible that makes the big affect on your fico score.Lenders feel good about you when you are using small portion of the available credit when compared with the large score that you have.Simply to put you shall have a card with high limit and you shall you small amount of it.The finance score also checks how much all together you are using when compared with the total limit that you have on all your credit lines.This also shall be lower.

It is better to use all the cards uniformly such that no card is having too much of load on it.That means you shall not use high credit in any account.Better distribute the total amount into all the accounts that you have,so that available balance in each card will be high.Lenders treat this in a positive way and they believe that you are not desperately using available lines.Thus in their eyes you are having a financial discipline. This does not mean that you keep transferring with out actually paying the bills.This leads to high balances and you need to clear them for better credit score.

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Rather paying the high bills to improve your magic three digit score,it is better to pay the debit that is close to the maximum limit.You can continue doing one by one each time the bill shall go to some one where you had used high value of the limit.This is a better approach for improvement of the fico score.

It is a bad idea to pass all the balances to a single card who offer a low interest rate in terms of the financial report and score.This reduces the balance available balance in the account and make a bad affect on score.

Paying monthly bills on time is a good habit and helps a lot in improving the FICO score.This save your valuable money in terms of interest and extra fines of late payments.Better to use only thirty percent of total available credit to have a good report.When your score is all ready high this limit shall be much smaller like only ten percent to maintain that good credit score.

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