YourEasyCreditFix.com

When you look at your credit report, you see something called a credit line or tradeline. It is each individual entry for a mortgage, auto loan, or credit card, etc. Each credit line will have two very important numbers: credit limit and current balance.

One of the places many consumers get hurt is when they allow the current balance to exceed 50% of the limit. In other words, they carry a balance of $500 on a credit card with a $1000 limit. Ideally, the “utilization percentage” should be under 20%. This is true for each card individually, as well as all the cards collectively, meaning that it is not OK to have a couple cards with small balances and one that is almost to the limit.

One way to get improve your score quickly is to get a tradeline with a high limit and a very low balance. The company I recommend can be seen at www.addacreditline.com. By using them, you can get a $5,000 or $10,000 credit line with a small balance because you are purchasing electronic downloads and music with prepaid credits.

If you would like to see how this program can help you purchase your next home, your next auto or just help improve your credit score to save you money on interest rates, visit them at www.addacreditline.com.