For example, if the borrowing limit on all your credit cards totals $20,000 and your credit report shows that you currently owe $10,000 on those credit cards then your credit card utilization is 50%. Of course, the actual credit report score calculation uses all your revolving credit accounts and not just your credit card accounts. For the majority of people credit card debt is the utilization bugaboo that hammers their credit score – even when they pay their bills on time.

Time the amount of your debts to improve your credit report score…

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1. Time your debts to improve your credit report score
2. Why closing an account could damage your credit report score
3. Two things you can do today to raise you credit report score tomorrow