Credit Rating Repair Tips – Pay Down Credit Cards and Pay Down Maxed Cards First

If you are trying to repair your credit rating, the best tips I can give you are to pay down your credit cards starting with the maxed out cards first. Your goal should be to have no more than 30 percent of the credit used on each card. Note that we’re talking about credit cards here. Regular installment loans such as the mortgage, car loan, or student loans, don’t need to be paid down to 30 percent. It’s the revolving credit that we’re concerned about with this step.