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Why add positive credit FIRST, like a tradelines to boost the score?
Why add positive credit FIRST, like one of our tradelines first to boost the score? Watch and find out Our experts have worked in the financial sector for many years and this is why our program is shaped to makeover your financial life in the best possible way. Because your score is effected by debt to credit ratio. Here is how to determine your debt to credit ratio. Add all your balances (debts) divided by all the avaliable credit limit amounts --------------------- Credit Ratio When you start disputing items on your credit report 1. Lenders are afraid to approve you for new credit or tradelines 2. You start deleting any history you had, and the score can drop 3. or drop to zero / no score What is a good credit ratio? On revolving credit accounts (credit cards) the average debt to credit ratio is 7% On installment accounts (mortages / other loans) the average is 35% (35% of the original loan amount is paid off) Now maybe you are beginning to see why our experts recommend adding good credit first. Because it is a faster way to help boost a credit score and keep it maintained. The other way is to purchases our pay your debt down program and start paying that debt down which ... more
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