Tuesday, April 22, 2008

Credit cards good or bad, http://APPLYFASTBANKCARDS.COM

A lot of people will tell you that having too many credit cards is bad and they are probably correct. Yet, having too few of credit cards is also bad. What is the do end all of your credit rating? What will keep your interest rates down? The Answer is your FICO score. This is simply the ratio of your total debt divided by your credit limit. (Debt/Limit). If this number is above 50 % meaning you are using more than 50% of your credit limit your will have a bad credit rating. If this number is between 30% and 50% your credit limit is ok. If the number is below 30% your credit is considered excellent. So what is the fastest way to boost your credit rating? The answer is simply getting a new credit card. If you get a new card your limit will increase and thus, your ratio will be lower improving your FICO percentage and your Credit Rating. One of the best websites for finding new credit cards is http://applyfastbankcards.com At this site you can compare hundreds of cards using their APR's, Rewards, and Annual Fees. Find the card right for your needs and apply. It is that easy. Thanks for reading and have a great day!

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