Sentences with phrase «utilization ratio quickly»

Pay off credit card debt: Reducing what you owe on your credit cards will lower your credit utilization ratio quickly, which is key to giving your credit score a boost.

Pay off credit card debt: Reducing what you owe on your credit cards will lower your credit utilization ratio quickly, which is key to giving your credit score a boost.

Not exact matches

Since your credit utilization ratio is calculated monthly, paying down a huge balance can make a big difference quickly.

Strive to get your credit utilization ratio (on each individual card) between 10 % and 30 % in order to improve your credit score quickly.

Another great thing about an excellent score is that as long as payments continue being made on time and credit utilization (card balances / credit limits ratio) is kept as low as possible, the score can recover relatively quickly — typically within six months — from some of the lesser «offenses,» such as opening new accounts.

You can, however, gain some initial progress very quickly by lowering your credit utilization ratio or fixing errors on your report.

Keep your utilization ratio low (outstanding debt to credit lines ratio) in order to improve your credit score quickly.