Tuesday, August 11, 2009

The 95% rule! Want a good credit score fast?

Does paying the full amount on your credit card every month make your credit score increase the fastest? Yeah??

No it doesn't. Your score goes up but that's not the fastest way it can go up. You must always leave a minimum amount unpaid. How much? Say the total you owe is $100 and this month you must pay a minimum of $5. Don't pay the full amount even if you can. Just pay $95. This will raise your score faster than if you paid the full $100. Banks reward their making some money too you see. Most people don't know about it!!

http://www.thinkaloo.com

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