6 Tips for a Top Notch Credit Score

April 19th, 2012 - By crakoczy

http://www.thegrio.com/assets_c/2011/06/debt-moral-obligation-thumb-400xauto-20732.jpg

Pay Off Debt

Thirty percent of your credit score is determined by how much of your available credit you are actually using. This is called your debt-to-credit ratio. A lower debt to credit ratio (below 30%) is preferred because it shows you aren’t maxing out your cards. This means if your card has a $1000 limit, you should try to owe no more than $300 on it.

If your debts are a lot higher than this, paying them off can significantly increase your credit score.

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imrightdammmit

You only need a credit score if you are planning on borrowing money and going into debt. Black people need to stop the debt cycle! Purchase only what you can afford IN CASH. We are such consumers, that we cannot establish REAL wealth for ourselves and our families. Debt is another form of slavery. Start SAVING your money, do without until you can afford it (which means buy it in cash), and enjoy the freedom of living without owing money to everybody.
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