Improving your credit score

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Improving your credit score

Don’t go over your credit limit. If you have a credit card with a $5,000 limit, try not to go over that limit. Borrowing more than the authorized limit on a credit card can lower your credit score.

Try to use less than 35% of your available credit. It’s better to have a higher credit limit and use less of it each month.

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Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-05-13

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/credit-reports-score/improve-credit-score.html



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