Managing your Credit and Credit Scores this Christmas!

So you have your credit report and your scores are lower than you had expected. Where do you start and how do you get your scores back up? Well the first thing to look at is have you had any late payments if so, no more late payments this will help your score to go up. This will take a time so make all payments before the due date to avoid late fees. If you have revolving credit (ie.credit cards) make sure you get the balances below 50% of your limit for your best credit score below 30% of you credit limit would be even better. Let say you have $1000.00 credit limit for you BEST credit score get your balance below $300.00. Go to
http://www.questgroup-usa.com/EBMS/Images/Templates/MortgagePal/General/DebtCalc.asp for a great free debt consolidation calculator. Remember if you can pay cash or debit for ALL your Christmas shopping and avoid those credit cards. If you do use them make sure no matter what you can pay them off or at least below 30% of your available credit limit.