This is a simple way that keeps your credit score high. According to the Fair Isaac Corporation or FICO credit scoring system, having a low credit balance as compared to the amount of credit you’re authorized, helps to make you a good credit risk. For instance, if you had a $50,000 credit limit on your credit card, and you’ve only so far used $5,000, or 10% of the credit limit, your balance must never go up to as much as 30 percent of your cards credit limit. Always make sure that you maintain a balanced proportion of used credit to available credit. The higher you credit balance goes, the more damage it will do to your credit score.
