MortgagesUndressed

The beginning of another top 10 list: An important one. Your contributions are welcome.

1- Pay off, don’t close, and don’t use your Capitol One card.

2- Do not have running balances on your cards. The more you do, the lower you go.

3- At least Keep your balance to limit at 20% or less. Above this, the higher you go, the lower you go.

4- Don’t close accounts.

5- Use accounts, pay the invoice, at least every 6 months.

6- Don’t co-sign: If you have, get off ASAP, even by closing the acount if necessary.

7- If shopping, like for a car, only give personal information when you are for sure buying.

8- Every 6 months, take one account and apply for an increase in credit capacity - then don’t use up that capacity.

9- Keep running credit balances on as few cards as possible, shoot for 3 max.

10-Work at it, if you are in too deep, in finding new income that can go directly to debt pay down. Pay off the cards with lowest balances first.