•Paying revolving credit cards down is generally more beneficial than paying down student, mortgage or auto loans.
• Always leave a 30 percent or higher gap between what you owe on the card and the card’s limit. Lenders look for this minimum gap.
• Use cards with care even if you pay off balances each month. Depending upon statement dates, the lender may see big balances.
• Pay down the cards closest to their limits first for speedier credit repair. The lending bank will then see the “gap” it wants to see.
• Do not ask a creditor to lower credit limits. Generally, carrying smaller balances on several cards is better than one large balance on one card.
• Check your credit card limits to make sure the report is correct. Limits may not be reported on all cards.
• Never make a late payment on credit cards or any loan.
If you would like a loan officer recommendation, please call me directly at 617-512-4581 or email me at firstname.lastname@example.org .