I review dozens of credit reports every week. And when I go through the account info, the first 2 things I look for are payment history (any late payments and how long it’s been since reported) and balances on credit cards or credit utilization (percentage of used credit).
These 2 categories make up 65% of a persons FICO score, which can impact scores significantly.
If your credit card balances are reporting over 30% of the credit limit, it’s lowering your scores. First course of action would be to pay those down and rapid rescore those balances (takes about 7 days to update). Once updated it will drive up your credit scores. The higher percentage used before the update, the higher the score increase. If your balances are over the limit and you pay down below 30%, the score increase will be significant. Never let an account report over the limit…
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