Start Building Credit Fast!

There are a couple of reasons for this. You can pay your bills on time for years and never gain more than a few points on your credit score.

As you probably already know, paying minimums on credit cards and bank loans do not lower your principle amount very quickly. When your balance is too close to your credit limit on a card, it actually hurts your score, even though you may be paying your bills every month without fail.

Paying the minimum can actually hurt you in some cases, especially on cards with high balances. Banks like to see plenty of breathing room on your credit cards. You are more creditworthy to them if you have plenty of availability on your cards.

Another reason you may be denied credit is your debt-to- income ratio. If your total debt is too close to your total income, Banks will not extend you credit. I struggled with these issues for years until i figured out what i was doing wrong. Every time i would lower my balances, I would run right out and build them back up.

By paying down your balances and making smaller purchases on your cards, you can raise your score significantly in just a few months. Only buy on credit what you can pay off at bill time. Buy something and pay it off... Buy something and pay it off... You get the idea. This will eventually get you higher limits and lower your rates, as well.

So, you can keep paying bills on time for eternity, but until you lower your balances and decrease your debt, you'll be stuck in credit score mediocrity.

Eric Barnes is an expert on internet marketing and information products. He has been selling on the web for more than five years. He lives in Cleveland, Ohio with his wife. You can learn more about his products at http://www.ebookdepot.net or contact him at erock21@adelphia.net

---

Harassment of People in Debt by Creditors

HarassmentHarassment of people in debt by creditors or their agents... Read More

How to Repair a Bad Credit Rating

If you have a bad credit rating, then you might... Read More

How Your Credit History Can Affect Your Life

Your credit history is an important aspect of your life.... Read More

Credit Reports: Find out why you have been refused Credit.

You may already have 2 or more credit cards in... Read More

Beware of Bogus Credit Repair Companies!

So-called "credit repair" companies claim they can remove negative information... Read More

Looking for that Low interest Credit Card?

If you have been shopping around for a Low Interest... Read More

Useful Tips When Choosing Credit Cards

Chances are you have received your share of "pre-approved" credit... Read More

Choosing the Best Low Interest Credit Card

With so many low interest credit cards on offer, how... Read More

Ten Steps To Building A Good Credit History

Are you thinking of buying a house? Do you want... Read More

Student Credit Cards

STUDENT CREDIT CARDS With graduate debt averaging... Read More

What is a Credit Report?

Ever wondered what is a credit report? If you've ever... Read More

Credit Card Benefits and Drawbacks

Credit cards have both benefits and drawbacks. It is wise... Read More

7 Surefire Ways To Repair Bad Credit

Do you have a poor credit rating? If so, you... Read More

New Credit Advice: Dont Pay off Those Credit Cards!

Credit needed for real estate mortgage financing differs from credit... Read More

19,178 Identity Theft Victims Per Day - Are You One Of Them?

Identity theft statistics are shocking. And we are told that... Read More

Credit Cards -- What You Should Know

There are a lot of questions about using credit cards.... Read More

Finding What is on Your Credit Report

A credit report is basically a file about you kept... Read More

How to Order the Right Credit Reports to Repair Your Own Credit

In this week's article, I am going to offer some... Read More

Opting For A Credit Card? Check Out Certain Terms

You've just received a "pre-approved" credit card offer in your... Read More

Triple AAA in 30 Days

Have you ever wonder about how to get good credit... Read More

Understanding the Function of Credit

What is Credit?Credit is the backbone and the engine behind... Read More

Credit Repair Kit Sound To Good To Be True? It Is.

A lot of people have bad credit. It is unfortunate... Read More

How To Repair Your Credit Report

A credit report is run on a buyer when he... Read More

Credit Card Balance Transfers Explained

What is a balance transfer ? A balance transfer can... Read More

Discover the Parts of a Credit Report and What They Mean

So you ordered a copy of your credit report to... Read More

Credit Report Hassles

There is no end to the amount of pain that... Read More

Which Business Credit Cards with Reward are the Best?

Thinking of applying for a credit card with a reward... Read More

Credit Cards Can Help You Get Out Of Debt

Your credit rating / credit score is based upon how... Read More

Errors on Your Credit Report: What You Should Do

There are times when you may be turned down for... Read More

Collection Agencies: What Do They Do?

Collection agencies are businesses that collect past-due bills and accounts... Read More

Credit Report Secrets: Do You Know What They Reveal?

If you've ever applied for a credit card or loan,... Read More

What Does Your Credit Say About You?

A credit report is more than just a snapshot of... Read More

Credit Counseling: Is it Really Necessary?

Not everyone has a positive experience with credit counseling. Potential... Read More