Call your credit card company and ask to have your limit raised. High credit lines help to improve debt ratios, positively impacting score. A balance of $3,000 on an account that has a limit of $4,000 results in a debt ratio of 75%. A debt ratio of 75% makes a borrower looked “maxed out,” negatively impacting score.
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Hi,
BalasHapusPaying your bills on time helps to improve credit score. There is no late fee penalty. Financial institutions and service providers will charge you a fee if you do not pay your bill on time.