Insider Tips From A Credit Expert on Best Use of Credit Crads

Mortgage and Lending with Jumbo,FHA,VA,RD,Jumbo,FHA,VA,RD,FHA

We are frequently asked how customers can maximize their credit scores while using credit cards. 

Here are some a few rules of thumb:

Charge less than 30% of the credit limit

Credit cards only report once a month and will report depending on when a billing cycle ends

Carrying a balance and paying interest will not increase a score

You only need to charge $1.00 per month to generate credit reporting activity


Tara Talbot


Comments (1)

Indera Coggins
Re/Max 100 - Dunkirk, MD

Tara, this is great information. Right now, my client is awaiting his credit card to cycle because he needed a second score in order to purchase thru the Rural Development.

Thanks and have a great day!

Feb 02, 2011 07:28 AM