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
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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 can take more
than the time frame you are need at the present moment.
What is the best utilization of your c redit ratio ? 9% or less, you will see dramatic increases in scores.
But also we have some other tips you might be interested in maintaining and improving that score
What happens when you have too much debt and not enough credit ?
Say you have a 680 score but now you have maxed out your available credit, you can lose 30 points or more
Say you have a 780 score and now you have maxed out your available credit, you can lose 45 points or more
Am I just talking about credit cards? No because the FICO scoring takes into account your individual accounts
and cumulative balances even if they are in a negative status or collections.
So what's the ideal ratio? Well yes of course start out with some of our tradelines and credit options, then
begin paying down your debt. ? Why paying down the debt second?
Another reason you might want to consider paying down your debt second, is that with the Obama Credit reduction act,
now lenders are reducing the amounts of credit limits, when you start paying those debts down, then what happens?
Your score drops. So if you are a person with larger amounts of debt in credit cards, then we recommend starting with
good credit first.
If your intested in repairing your debt to credit ratio and becoming financial secure, please click on the link below for more
information.
To go directly to our tradelines click here: http://goo.gl/OLfivS
If you want a total makeover then click here:
Are you ready to find out more : http://goo.gl/TAUPB9
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