I am often asked what is a healthy credit card balance?

Your credit card balances will effect your scores quite significantly. The best balance is between $10 and zero.

When we let our credit card balances get over 50% it hurts our credit scores even though we are paying them on time. If you can get your scores below 50% you will get a credit score increase. If we get our balance below 30% we get another credit score increase. When we can pay the down to $10 to zero we get our maximum credit score increase.

It is mportant that you have the right number of revolving credit accounts as compared to the rest of your indebtedness. Many times people think that closing and paying offf credit cards will help their scores but usually this will cause a decline rather than an increase in scores.

At HOPE everyday we help our clients fine tune their credit so their scores will increase and be maximized. If you would like to find out more please give our staff a call at 704-503-3669. +