3 Secrets To Better Credit

Dated: 09/18/2018

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3 Secrets To Better Credit

 Thirty-Five Percent of your credit score is from your Payment History

 

Secret  #1. Pay on time....Hi everyone, Adrienne Mott with Sacramento Signature Properties. 

Now let’s get into Secret #2 Thirty Percent of your credit score is based upon the Capacity of credit. For example, if you have a credit limit of $5,000 you only want to use 30% of the capacity of that card.  Meaning, you only want to use $1,500 of credit and keep $3,500 that is unused. So here’s a tip, if you have one credit card with a $10,000 balance and another with a much lower balance, transfer some of the debt from one credit card to the other so that the capacity used is as close to 30% as possible.  

Secret # 3 is that 10% Of your credit score is based on Inquiries and Past Applications, so keep in mind that 75% of your Total credit score is based upon Payment History, Capacity of Credit Used, Inquiries and Past Applications. So you want to be VERY mindful of that. 

So pay your bills on time, be sure not to max out your cards, keep a 30% balance or lower and don’t get too many inquiries and that alone will help dramatically maximize your credit score.  For more detailed information about how to maximize your credit so that you can save money and get better interest rates, reach out to me at any time or click to link below to get a detailed 17-page report.


Click here for your free 17 page report!!!!

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Adrienne Mott

I have always wanted to help people and pictured life, when younger, as a teacher or someone that brought knowledge and substance to others. As I grew up, I paired that feeling of intent to help othe....

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