How To Repair Your Credit Score

June 3, 2009

Author: William M. Davis

To repair your credit score, first and foremost you need to cut down on your monthly expenses. If your monthly source of income is $1,000, make sure that you save at least $300 on a monthly basis.

Pay Down Your Credit Cards
Paying off your mortgage and student loans can play a prominent part in repairing your credit score. Financial institutions prefer to see a big gap between the credit amount you are using and the credit limits available for you. If you manage to keep your balances less than 30 percent of the credit limit on each credit card, things will …