Lower or improve my credit score by paying down debt ratios

From Real Live Huiman
to Bo
show details
Jan 31
I'm a little confused about credit balances. These two statements have mescratching my head:1. Keep balances low -- less than 30% of credit limits on each card. If yourun your credit up your score will dramatically drop2. Lower any reported debt ratios to less than 80% or your high creditlimits.My credit score dropped from 720 to 620. After reading your advice I thinkthat I know why. My Att credit card has a limit of 14,000 I did a balancetransfer and my balance was pretty close to the limit. The interest rate onthis card is 1.99% for the life of the loan.Within the last 6 months or so I was offerd 2 credit cards from Chase with a0 % until sometime this year. One of the Chase cards is just to have incase an over draft. The 2nd card has a limit of 5,300 and I did a balancetransfered of a little less than the limit.Recently I have gotten the Att card down to 10,6000 and the 2nd Chase carddown to 2,400.With my income tax I plan to pay off the 2nd Chase card. When I get anotherlow interest rate offer I would like to transfere half the balance from theAtt card. Am I on the right track to getting my credit score back up?With the payments that I have made so far how much do you think that myscore have gone up? Please advise.


Bo Majors
to Real Live Human
show details
Jan 31
your score can go up or down 100 plus points over debt ratios
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.