Your credit can easily be damaged by careless shopping sprees, too many credit cards or by an unexpected financial emergency. Fortunately, you can take some actions to get your credit score climbing in the right direction.
If you have credit cards with balances that are greater than fifty percent of the maximum, you should pay those down as quickly as possible. It’s best to keep all of your credit cards below the fifty percent mark! Carrying a balance of more than half your credit limit negatively impacts your credit score. Either pay this balance down or spread it out over multiple cards.
Have different types of credit if you want to fix your credit. If your credit is evenly divided between different items, your score should be better...Read More