How Do I Increase Credit Ratin

Discussion in 'Credit Talk' started by marvin, Jun 5, 2000.

  1. marvin

    marvin Well-Known Member

    Have 2 secured cards. My financial situation
    is such that I can use the cards in any
    manner I see fit - however I do not know
    what the best strategy is; How much should
    I charge per month? How much of the balance
    should I pay each month? Thanks
  2. creditwork

    creditwork Well-Known Member

    RE: How Do I Increase Credit R

    I don't have any secured cards, but this is the strategy that has worked for me and others who have participated in the CreditWorks' "credit sense" approach to building credit.
    Borrow close to the limit and make payments of at least 10% of the line. Once you have paid the loan off, let the account sit idle for a couple of months, then repeat. This strategy has yielded consistant line increases and lower rates.

    Deal from strength, exercise your credit to make it grow.
    Profit from the experience.

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