Raise Your Credit Score

When your credit score needs a lift, try this.
Some very good ways to raise your credit score within a month or two
are to do the following:

1. Look at how much you have on your credit card as compared to your maximum credit. For Example: You have a $5000 credit limit and you have a $3000 balance on that card. (Apply this logic to all of your cards) You would be currently using 60% of that card.
When you get over 50%, your credit score drops dramatically.

If you keep it between 10% and 25% it would help greatly to raise your credit score. I will tell you, that I have found that their appears to be a big tier at 50%, than 33%, than 30%, than 25%.
In this scenario, if you carried a balance of $1000 on a card with a $5000 limit, you will raise your credit score significantly.

2. If you have a vehicle, and you can pay that balance down to 10 - 25%, it will help to raise your credit score as well. The same percentages from the above scenario apply.
3. Another way to raise your credit score is to pay your credit cards weekly as opposed to monthly. There are two reasons to support this. One, at least no bank can claim they didn't get your payment or they lost it thereby charging you a 30 day late fee. The second reason behind this is, a strategy the credit scoring people hold sacred. One of the algorithms is how much you pay each month. Contrary to popular believe the credit cart companies do not want you to pay your credit off. They want you to pay small consistent amounts so that they make money on interest. This is what banks are in business for. When you pay in smaller amounts (pay the minimum payment at least) the algorithm shows you are paying a quarter of what you are paying. Making you a better borrower.
Banks are not thrilled when you pay off your credit cards. You are scored based upon many attributes. The credit reporting agencies don't want you to know the algorithm. If you can, keep in mind the credit reporting companies are there for the banks. They report how you spend and how you pay your bills. Credit scoring is all about risk to lenders, lending money to you. Your Score represents your history on things for the past 1-10 years. One year for credit inquiry's and 10 years for bankruptcies and 7 years for everything in between. For the most part, your credit score is a 2 year past history snap shot.

Credit inquiry's should be done in packs,.... if you are buying a car you should get your credit pulled by the people you want to buy a car from. If more than one dealer has the same car, you could shop both dealers and get your auto loan from other sources as well such as a bank or credit union. You should do it in short periods of time... no more than 30 days for all the items for the purchase you are going to make.

E-mail or call if you have Real Estate questions.

Home Page

Site Wide Links on Home Page


Harold Sharpe

Raise Your Credit Score  Harold Sharpe

(951) 821-8211

Harold Sharpe is the owner of
So Cal Homes Realty.

Harold Sharpe is a Licensed
Real Estate Agent, since 2001.

Harold Sharpe is a
Licensed Real Estate Broker
since 2005.

Harold Sharpe specializes in
Selling Houses, and Finding homes for people.

So Cal Homes Realty is the Real Estate Brokerage to assist you in Buying a Home or Selling a House.

Feel Free to call Harold at
(951) 821-8211

DRE LIC #01312992

Monday - Sunday 9am - Dusk

After Hours E-Mail

Schedule to see Houses in Person Before they Sell!

Coverage Area






Raise Your Credit Score Realtor Raise Your Credit Score  GRI Raise Your Credit Score e-pro Raise Your Credit Score   MLS Raise Your Credit Score R.E. Masters Raise Your Credit Score  Equal Housing
Hemet CA Homes For Sale
Hemet Homes Real Estate
Menifee Area Foreclosures
Menifee Area Houses
Menifee CA Homes For Sale
Menifee Home Page
Menifee Property
Murrieta Home Page
So-Cal Homes Realtor
So-Cal Homes
So-Cal Homes Real Estate  
So-Cal Homes Realtor
Hemet Home Page
Homes in Menifee
Menifee Area Homes
Menifee CA Homes
Menifee California Homes
Menifee Homes Real Estate
Menifee Short Sales
So-Cal Homes Real Estate
So-Cal Homes Realty
So-Cal Homes Real Estate
So-Cal Homes Realtor
So-Cal Homes Realty
Raise Your Credit Score  Business Card
Southern California Homes Southern California Home Investment Southern California Home For Sale
Southern California Home Foreclosures Southern California Home Luxury

Harold Sharpe Broker So Cal Homes Realty Department of Real Estate License 01312992  

Copyright 2008 - 2018 All rights reserved.
This Website Built, Hosted & Optimized by Lake Havasu Websites.
Contents of this site may not be copied, reproduced, or redistributed.