I currently at 42% utl on 8 of my credit cards
does azeo method is the best way to go?
and when i need to ask for credit cards company to lower my apr at what score?
now all of them are 22.99% and 24.99%
@Anonymouswrote:I currently at 42% utl on 8 of my credit cards
does azeo method is the best way to go?
and when i need to ask for credit cards company to lower my apr at what score?
now all of them are 22.99% and 24.99%
1. Yes AZEO method is best but you need to get your overall utilization down too. You don't want to go over 29% on any one card, and you don't want to be over 9% overall.
2. You can ask them to lower your interest rate at any time, but now, while your utilization is so high, would not be a great time. Wait until your utilization is better.
OP can you list out the cards you have, the bank issuing the card,, the credit limit of each card and the current balance of each card.
AZEO is a shorthand for low utilization. At your level of utilization there are steps to take, without going to AZEO, to see the most score improvement. That list of your cards is the key to knowing where those points can be found.
Do you have any late payments ever in your credit history? Have you ever missed any payment by a month or more? This is just as important to understand because if you do, it will put a ceiling on your score for the time the lates are reported.
AZEO is a shorthand for low utilization. At your level of utilization there are steps to take, without going to AZEO, to see the most score improvement. That list of your cards is the key to knowing where those points can be found.
Do you have any late payments ever in your credit history? Have you ever missed any payment by a month or more? This is just as important to understand because if you do, it will put a ceiling on your score for the time the lates are reported.
