Patricia Stallworth No Comments

When we left off yesterday, I had just shared three strategies to raise your credit score. Today I want to share three more strategies to get your credit score growing.

  1. Get more credit. Your score is calculated on how much of your available credit you use so the more credit you have available (that is if you don’t keep adding to your balances), the better. For example, if the total amount of credit I have available is $10,000 and I have maxed that out my credit utilization is 100% because I have used all of my available credit. However, if I get additional credit cards with a $10,000 credit limit – my total credit available is now $20,000 so my credit utilization is now 50% — not the best but much better. If you want to raise your credit score, shoot for a utilization ratio of 30% or less – 10% is ideal.
  2. Aim for a stable credit history. In other words, apply for credit only when you need it. And, don’t apply for a lot of different types of loans or credit at one time.
  3. Finally, don’t forget to check your credit report and dispute any errors. It’s not unusual for them to have errors and that too can mean a lower your credit score. And this is totally up to you. No one is going to call you and tell you that there are errors—you have to be proactive!

Did you miss Part 1? If so, check out Episode 797.

That’s it for today. Got a burning question. Send them to me at

Thanks so much for listening and as always remember that minding your money really is the path to a richer life!

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