bills 100% of the time, it is the hardest thing to keep in check. As we have evolved into consumers who are constantly shopping and we are easily lured by the ability to buy what we want today, when we don't have the money to pay for it, knowing we can pay tomorrow. What makes it worse is when we buy things we know we don't need and can't afford on credit knowing that all we have to do is make the minimum payment next month. The sad truth is that those minimum payments can continue for the rest of your life becausThe single greatest factor keeping your credit score low is your amounts owed. The amounts you owe especially on unsecured debts such as revolving credit cards is probably the biggest thing affecting your credit score negatively. The amount you owe in relation to your total available credit is converted to a percentage.

For instance if you have 5 credit cards total and each one has a credit limit of 10,000 dollars, your total available credit on all cards is 50,000. Now lets say you owe a total of 40,000 on all of them together your credit utilization is 80%. Generally the further you get above 60% debt to credit ratio the more points you lose off your score.

Many experts believe a 40-60% credit utilization is best. However experience tells me if you are at 100% your score seriously suffers. If you pay down your amounts owed to bring your credit utilization factor down to 50% it will probably raise your credit score 50+ points. And if however you are in a position to pay down all your amounts owed to a 0% factor your credit score will go up about 100 points or more!

Aside from your payment history, your credit utilization factor is the #1 factor affection your credit score and makes up 30% of your credit score.

So your best bet is to own real estate and refinance every so often so you can pay down your amounts owed on revolving cards. While it may cost money to refinance and raise your payment amount on your mortgage and possible lengthen your term, in the long run you will be better off.

By having a higher credit score, you will save money all around on things like your car insurance rates, your interest rates on ALL loans, especially your mortgage. With a mortgage your credit score can affect your interest rate by as much as 6% on the rate, and another almost 5% in fees in obtaining the loan. Generally the worse your credit score the more origination and discount points you will pay in order to obtain the loan.

SO while keeping your credit utilization factor down is the #1 factor affecting folks who pay their bills 100% of the time, it is the hardest thing to keep in check. As we have evolved into consumers who are constantly shopping and we are easily lured by the ability to buy what we want today, when we don't have the money to pay for it, knowing we can pay tomorrow. What makes it worse is when we buy things we know we don't need and can't afford on credit knowing that all we have to do is make the minimum payment next month. The sad truth is that those minimum payments can continue for the rest of your life because

all of them together your credit utilization is 80%. Generally the further you get above 60% debt to credit ratio the more points you lose off your score.

Many experts believe a 40-60% credit utilization is best. However experience tells me if you are at 100% your score seriously suffers. If you pay down your amounts owed to bring your credit utilization factor down to 50% it will probably raise your credit score 50+ points. And if however you are in a position to pay down all your amounts owed to a 0% factor your credit score will go up about 100 points or more!

Aside from your payment history, your credit utilization factor is the #1 factor affection your credit score and makes up 30% of your credit score.

So your best bet is to own real estate and refinance every so often so you can pay down your amounts owed on revolving cards. While it may cost money to refinance and raise your payment amount on your mortgage and possible lengthen your term, in the long run you will be better off.

By having a higher credit score, you will save money all around on things like your car insurance rates, your interest rates on ALL loans, especially your mortgage. With a mortgage your credit score can affect your interest rate by as much as 6% on the rate, and another almost 5% in fees in obtaining the loan. Generally the worse your credit score the more origination and discount points you will pay in order to obtain the loan.

SO while keeping your credit utilization factor down is the #1 factor affecting folks who pay their bills 100% of the time, it is the hardest thing to keep in check. As we have evolved into consumers who are constantly shopping and we are easily lured by the ability to buy what we want today, when we don't have the money to pay for it, knowing we can pay tomorrow. What makes it worse is when we buy things we know we don't need and can't afford on credit knowing that all we have to do is make the minimum payment next month. The sad truth is that those minimum payments can continue for the rest of your life becaus

r your credit score will go up about 100 points or more!

Aside from your payment history, your credit utilization factor is the #1 factor affection your credit score and makes up 30% of your credit score.

So your best bet is to own real estate and refinance every so often so you can pay down your amounts owed on revolving cards. While it may cost money to refinance and raise your payment amount on your mortgage and possible lengthen your term, in the long run you will be better off.

By having a higher credit score, you will save money all around on things like your car insurance rates, your interest rates on ALL loans, especially your mortgage. With a mortgage your credit score can affect your interest rate by as much as 6% on the rate, and another almost 5% in fees in obtaining the loan. Generally the worse your credit score the more origination and discount points you will pay in order to obtain the loan.

SO while keeping your credit utilization factor down is the #1 factor affecting folks who pay their bills 100% of the time, it is the hardest thing to keep in check. As we have evolved into consumers who are constantly shopping and we are easily lured by the ability to buy what we want today, when we don't have the money to pay for it, knowing we can pay tomorrow. What makes it worse is when we buy things we know we don't need and can't afford on credit knowing that all we have to do is make the minimum payment next month. The sad truth is that those minimum payments can continue for the rest of your life becaus

er credit score, you will save money all around on things like your car insurance rates, your interest rates on ALL loans, especially your mortgage. With a mortgage your credit score can affect your interest rate by as much as 6% on the rate, and another almost 5% in fees in obtaining the loan. Generally the worse your credit score the more origination and discount points you will pay in order to obtain the loan.

SO while keeping your credit utilization factor down is the #1 factor affecting folks who pay their bills 100% of the time, it is the hardest thing to keep in check. As we have evolved into consumers who are constantly shopping and we are easily lured by the ability to buy what we want today, when we don't have the money to pay for it, knowing we can pay tomorrow. What makes it worse is when we buy things we know we don't need and can't afford on credit knowing that all we have to do is make the minimum payment next month. The sad truth is that those minimum payments can continue for the rest of your life becaus

bills 100% of the time, it is the hardest thing to keep in check. As we have evolved into consumers who are constantly shopping and we are easily lured by the ability to buy what we want today, when we don't have the money to pay for it, knowing we can pay tomorrow. What makes it worse is when we buy things we know we don't need and can't afford on credit knowing that all we have to do is make the minimum payment next month. The sad truth is that those minimum payments can continue for the rest of your life because as you pay down your balances, you keep charging more things.

In summary it has been my experience that there is a significant portion of the US population that has their credit utilization factors pegged at 90% or higher, which is costing the debtors lots of money.