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IanBoh

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Increasing your credit score vastly.
This is what I gather from Credit karma; Keep you Utilized usage each month lower than 30% and make sure your credit is payed off in full each month, this increases your credit score vastly. Is this true?

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For the best results with your FICO scores (not sure about the scores provided here) you want to keep your credit card utilization below 10% of your credit lines, always make sure one card reports a small balance come reporting time (greater than 0% utilization but less than 10% utilization of the card. You can then pay it off before the due date to avoid paying interest, but paying the balance in full has no bearing on your credit score. There is not any scoring method for paying in full each month.

Practicing good credit card usage over the course of time will lead to better scores, but it does take time. The best tools to have for building credit are 3 credit cards and 1 installment loan that reports monthly to all 3 credit bureaus. And of course if you have any negative information on your reports you would want to work to get that removed if possible.

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