01-09-2014 09:43 PM
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.
01-09-2014 09:56 PM
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.
01-10-2014 02:45 AM
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-
Best of luck to you!
01-10-2014 04:36 AM
Fastest way to increase your credit is to put balance on one card and have a total of 2% utilization.
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