- Green Member
- Posts: 5
- Joined: Wed Jan 28, 2015 7:57 pm
- Location: USA
...but I'm going to ask anyway. lol
A new year, a new leaf. I've been looking at working on my credit score for a while. Now, my credit score isn't that bad (~730), and I'm not in a position where I need to apply for a car/house loan or anything like that in the immediate future.
My credit utilization is higher than where it needs to be. I've got a pretty significant tax refund and a company bonus headed my way as well in a couple months. I'm sure that I can make a pretty good dent in that utilization. Besides, from what I've read, 10%-20% is healthy, yeah?
Here's my question, should I slowly pay down my credit cards and slowly watch as my credit score trickles up +1 pt every other month, or is there something better that I could actively be doing?
I have 3 CC's, but none of which I've applied for recently. There's been little to no activity on my credit report. I just wanna know if there's more I could be doing. Even if that means taking a hit on my score for the time being (knowing that nothing in the foreseeable future would be impacted) and I could bounce back.
Capital One Venture ($2800 balance; $6500 CL; 22.99% APR; 10/2006)
Chase Freedom ($3100 balance; $5000 CL; 13.99% APR; 06/2007)
Citi Forward ($1600 balance; $5600 CL; 12.99% APR; 09/2007)
If the advice is just to pay down, I suppose I shall just be patient or "garden" I think is the correct term. (I'm learning. Shut up. haha)
Any advice would be fantastic. Thanks in advance!
BoA Platinum Plus - [6/06] | CapOne Venture - [10/06] | Chase Freedom - [6/07] | Citi Forward - [9/07] | Discover it - [1/15]