Quick Credit Tip For You…

By
Mortgage and Lending with Berkshire Lending, LLC

small-brett-pic4Here is one quick credit tip for getting your credit scores higher…

Did you realize that 30% of your score is made up of the ratio between your available credit vs your actual balances on revolving credit accounts (like credit cards)?

You don’t want to charge these accounts over 50% of the available balance, and its even better if you can keep it under 30% of the available balance.

That’s it for today!

I hope you have a great day! Thanks for reading!

Brett

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Comments (4)

Peter Mohylsky. Broker
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY

Thanks for this tip.  I appreciate the information. 

Mar 20, 2016 09:23 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

And paying in full...is outstanding ! With no balance "outstanding" !

Mar 20, 2016 09:27 PM
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Most people don't realize this and it's a great tip!  Thanks for the reminder.  Have a great week!

Mar 20, 2016 10:06 PM
Brett Sampson
Berkshire Lending, LLC - Frisco, TX
Texas Lender

Thank you Brenda!

Mar 22, 2016 11:04 PM