Some tips on how to get Higher Credit Scores

Discussion in 'Credit Talk' started by creditmast, Nov 5, 2009.

  1. creditmast

    creditmast New Member


    I am giving some tips for Getting Higher Credit Scores.

    1- Paying off the smallest debt faster will increase your credit score and decrease your over all debt and stress load.

    2- Make sure you leave enough money to make at least minimum payments on the other cards until you have the first one paid off and can pay more.

    These are most tips that keep your Credit scores higher and good.
    Last edited by a moderator: Nov 5, 2009
  2. Hedwig

    Hedwig Well-Known Member

    Not true. I understand you were advertising, but the size of the debt isn't necessarily what's important. If you have a large balance on a card and it's also a large part of the credit limit, that is a big hit to your score.

    And unless you're going to make a major purchase within the next year or so, don't worry about your score right now.

    The fastest (and most efficient) way to pay off your debt is to pay off the debt with the highest interest rate first.

    Pay the minimum on everything except the highest interest rate. Pay all your extra money on that one. When it's paid, add what you've been paying on that to what you've been paying on the next highest, etc. Work your way down the list.

    Keep a spreadsheet with the rates and balances. Update it every month. The account you concentrate on (the highest rate) can change, so every month pay all your extra on whatever is the highest rate that month.

    Watch your overall balance drop to track your progress.

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