Credit Cards are a necessary evil when it comes to a credit score.
It is imperative to your credit score that you understand that the balances on your revolving accounts have a profound effect on your scores. Making your payments on time is essential, but even with a perfect payment history, if you let your balances rise anywhere near the card limit you lose points on your credit score. For the highest credit score keep your balance below 10 percent of your cards limit.
If you are looking to rebuild your credit scores, try applying for a Secure Credit Card. There are good cards available. Weigh the pros and cons to see which card is best for you. If you have questions about credit cards and your credit, feel free to call us!