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How to Improve Your Credit Score

How do I optimize accounts to raise my credit score?

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  • What is credit?

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Markita Aldridge
Mortgage Consultant, WestStar Mortgage
www.thelendingadvisors.com  
703-497-3936

Markita has been called :The Queen of Mortgage Financing especially after a BK". Since 2002, Markita has been a top-producing loan officer with WestStar Mortgage located in Lake Ridge, VA. She offers her clients expert service in mortgage financing regardless of credit history. Markita's former career as a professional basketball player with the "Washington Mystics of the WNBA" has been her foundation for creating a TEAM atmosphere when dealing with her mortgage clients. She truly believes Together Everyone Accomplishes More! You can visit her website at <a>www.TheLendingAdvisors.com</a> for more information and several FREE mortgage reports that reveal lending secrets other mortgage bankers don't want you to know!

How do I optimize accounts to raise my credit score?

 

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Host: How do I optimize accounts to raise my credit score?

Markita Aldridge-Woods: The way to optimize your credit score is basically, is you don t want to have one card with a high balance, like your balance outstanding because remember that s 30% of your score, let s just say, they give you a high credit limit of $3,000, you don t want to have a maxed all the way up to $3,000. It would be better to have three cards with a $1,000 each on it versus putting everything on one card and people try to do that. I call it credit card arbitrage, where they just try to change around and switch balances or consolidates debt into one credit card and they mess up their available credit mix and their ratios there. So, it's better to have your balances spread over a few cards versus just having a high balance on one card.

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