Stephen W. Gangey
Credit Improvement Specialist

PART OF OUR “PATH TWO” TO CREDIT SCORE BUILDING

Understanding these two basic rules will go a long way toward raising your credit scores.

Balances on Revolving Credit Accounts are reported only once a month, and it isn’t random.

What ever the balance is on the account the day after the Statement Closing Date is what gets reported to the Credit Bureaus. This is not to be confused with the Payment Due Date.
If the balance is over 30% of the Credit Limit it will negatively affect your credit score. The closer you are to maxing it out the more points you lose. I’ve seen an 85-Point improvement taking one account from 93% to 25% in one-month.

Review the content on the web site to learn more about our 2-path approach to credit improvement.