Quote:
Originally Posted by Forest
20%-40% yes. Use it make more then the minimum payment but keep the balance between those %'s
also get 1-2 more CC and do the same thing with those
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Exactly.
I had 3 or 4 at the time I was rebuilding and within a number of months my score jumped roughly 75-100 points! I was also pettitioning the bureaus, so I am not saying it was ALL the CC's, but it definately helped monthly as my score climbed.
Just as predicted though, once I went over the 40/50 % my score dropped. When I paid them all back to zero, and they reported as $0.00 (it can take 30-45 days) I would get a 80 point jump.
Revolving credit makes a big impact.