The Credit Challenge

Just wanted to give you a quick and easy method to raise your credit score within a few days.  Many people complicate the process of raising their credit scores, and as you may know, the more complicated a thing is, the greater chance that it will never be done.

Here it is. Make sure you do it.

Call you credit card companies and ask for a higher credit limit.  Yes, that’s all you have to do.

Here’s why it works. The second category with the most impact on your credit score is your balance to credit limit, which accounts for 30% of your credit score.  The lower your balance compared to your limit, the better. 

Let’s say you have a credit card with $100 balance and a $200 limit.  You are at 50% of your credit limit, which hurts your credit score.  Again, the lower the percentage is, the better.  Once you call them and they agree to raise your credit limit to $500 for example, you have now lowered your balance to credit limit to 20%, meaning a higher credit score without lowering the balance on your card.

That’s pretty simple, isn’t it.  If you have several cards, this can really make a difference and substantially raise your credit score.

What are you waiting for, call your credit card companies!

If you want more tips like this to improve your credit score or fix your credit, click Raise Your Credit Score to get these tips sent to your email!