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How to Boost Your Credit Score

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From Quick Guide: My Credit Score Guide

Summary: Boosting a credit score means keeping levels of debt down and manageable, as well as keeping assets as high as possible. Discover the limit that a credit card's balance should reach with help from a registered financial consultant in this free video on credit and personal finance.

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By Patrick Munro
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Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

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Video Transcript

"This is financial adviser, Patrick Munro talking about how to boost your credit score. The credit score that is basically put upon everyone by the three credit reporting agencies, Experian, Equifax, and Transunion is a three digit number that ranges from 400 all the way up to 850. Most Americans have a credit score of around 625. The big difference between paying a low rate of interest and a high rate of interest is to have a high credit score. The best way to do that and boost your credit score is to keep your levels of debt down as manageable as possible. If you are talking about one credit card with a $10,000 limit you should never go over $3,500 on that particular credit card. That is a way to have the best credit score going forth. Keep your assets as high as possible and your overall debt load as low as possible and that is reported to the credit bureaus that are out there and therefore you will have the best opportunity for a lower score. This is Patrick Monro talking about how to boost your credit score."

eHow Article: How to Boost Your Credit Score

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