Improving your credit utilization ratio If you find that your ratio is above 30 % and want to
avoid a negative effect on your credit score, it is important to take steps to remedy the situation.
Timely payments are essential to
avoid negative effects on your credit report, but they can also guarantee positive effects if you handle your credit card balance correctly.
Not exact matches
This is the reason why it is important to pay bills as early as possible to
avoid such
negative effect on the
credit score.
The idea is to settle the debt for as little as possible so as to
avoid a court action and the
negative effects the information will have
on your
credit report and
credit score.
If a homeowner can sell the property during this time, he or she may be able to
avoid foreclosure proceedings, and its
negative effect on their
credit history and future prospects (see Getting a Mortgage After Bankruptcy and Foreclosure).
Continue to make payments
on your student loans until you receive confirmation that they have been paid in full by the DEAL Consolidation Loan to
avoid any
negative effects to your
credit rating.