Help with rebuilding credit

[FicoJeff]

Hello, I'm rebuilding my credit, taking baby steps here. My FICO score is 709, I have a bankruptcy in 2006.  I have one MasterCard with a $500 limit and one store card with a $300 limit. To raise my credit score should I not go over 20% or 30% of my available limit? Should I pay the balances in full each month or carry small balance each month? Thanks very much. 

[hot4u]

Welcome aboard.

Since you have two cards

What's reccomended is have only one account showing a balance .. no more than 9%

Other pay before closing to show 0 balance.

Rotate between the cards.

While your in what they call Bk mode Don't sweat it out -

you will see your score hit a peak and won't go any higher.

As your accounts Age with time you will see changes in your scores as you move from one score card to next level.

[FicoJeff]

Thanks so very much hot4u

[notfancy]

Hello and welcome!!

I don't know how much of this will help, but it is good reading: http://ficoforums.myfico.com/t5/Bankruptcy/HOW-TO-From-BK7-discharge-to-700-in-24-months-or-less/m-p...

Best of luck to you!

[CredittotheMax]

Fastest way to increase your credit is to put balance on one card and have a total of 2% utilization.