When it comes to your credit report 30% is a magical number. All credit scoring models rate your scores higher if your accounts have less than 30% balances in relation to their high credit limits.

This includes your credit cards, car loans, mortgages, and all other accounts including installment loans. This is also why your credit scores will go DOWN when a new mortgage or car loan reports on your credit. And as you pay those accounts lower each month your scores steadily increase.

So if you REALLY want to spike your credit scores, pay down your credit card accounts so the balances are lower than 30% of your limits. OR, simply call your creditors to apply for a credit limit increase. You can also get approved for higher limit accounts to help increase your scores.

The secret is to keep the balances below 30% of the credit limit to insure you have a healthy credit profile and healthy financial future.

Contact us today to learn how you can have the exceptional credit you deserve.