Credit Repair and Rapid Rescore Paying revolving credit to 50% to raise your sco…

Credit Repair and Rapid Rescore Paying revolving credit to 50% to raise your scores is a old myth. FICO states that to increase your credit scores substantially, it's best to pay down below 30% of the limit, but for the greatest increase pay the account down below 10%. The FICO scoring software looks at all revolving account balances, so it's best to pay all revolving credit down not just 1 account.

Source by kentuckyloan