Credit Repair Tip: Pay Down Credit Card Balances

By: Jonas - July 29 2009, 2:23 PM

These dayd, your FICO credit score has a lot to do with your credit card balances.

Runnig up your credit card will lower your credit score.

a High credit card balance is like a warning to lenders that you may be a risky loan candidate.

Depending on the overall content of your credit report your card balances can swing your scores by as much as 150 points.

Pay down your credit card balance, this my help increase your overall credit score

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