How to improve your credit score FAST

your credit limit is not high enough and Mrs Dow Jones is Millennial Finance expert and if you want a better credit score use this hack literally just call your credit card company and ask to increase your credit limit I do this once every six months I have a recurring calendar invite that reminds me and it always improves my credit score here's why the more credit that you have available that you're not using the lower your credit utilization ratio becomes and a good credit utilization ratio is 30 or under and it accounts for 30 of your overall credit score so if you spend 5K on a card with a 5k limit you're utilizing a hundred percent of your available credit but if you spend 5K on a card with a 20K limit you're only utilizing 25 of your available credit now do you see why increasing your credit limit is amazing but remember this hack will only work if you've been making on-time payments don't have credit card debt and won't be tempted to spend more with a higher limit let me know if you try this follow for more and stay rich

Channel: Mrs Dow Jones

Views: 32,820

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Id: c0keDHoVknk

Length: 0min 54sec (54 seconds)

Published: Mon May 15 2023