How To Use Your Credit Line To Increase Your Credit Score

By | April 16, 2023

Are you looking for a way to use your credit line to increase your credit score? I know how you feel, because I am currently in this situation myself. I personally don’t have a lot of credit to my name but I know how to make use with the credit that I do have. If you’re wondering how to use your current credit line to increase your credit score, then this article is for you.With me, I don’t have a lot of credit to my name. I just recently got started with improving my credit this year. I was someone who was financially irresponsible when it came to increasing my score. I used to let my payments slide by and I thought it was okay if I missed a payment or two. This was a big mistake on my part. One thing that you should never do is to miss a payment on your credit card. Your score will plummet because of it and it will stay on your file for a number of years.Right now I have to make use with what I have to make my credit line increase my credit score. Right now I don’t have a lot of money to my name. I only have about $1,150 to my name, and this credit is spread out over 3 credit cards. So that’s an average of around $350 per credit card. But even with this low amount of credit, I can still increase my FICO score with what I have.One thing that you can do if you have a low credit amount to your name is to go back to your current lenders for credit line increases. The people that will lend you more money are the people that know you the best. It’s like going back to a family member and asking them for money. If you can prove your credit worthiness in the form of paying your bills on time and in full, your lenders will reward you with a higher credit limit. This is how you use your current credit line to increase your credit score.I am personally about to go back to my 3 lenders and ask them for a credit line increase. I believe that all 3 will give me an increase due to the fact that I have been paying off my bills on time and in full. The one person that you want to impress with your credit worthiness is your lenders – because if you can show them that you’re responsible with your money, they will reward you will more money.As you can see, it’s easy to use your credit line to increase your credit score. Pay your bills off on time and regularly go back to your lenders for credit line increases. Part of your total credit score will depend on how much available credit you have to your name, so this is important that you pay your bills off on time so that you can get the line increase that you want.Good luck with using your current credit line to increase your credit score.