Credit Building Tip

In this present economy credit card companies are closely watching their customers overall credit as well as how they use their credit cards. If a credit card company feels you are at risk of defaulting on your account with them or another credit card company you could potentially have your account closed. If this happens this will significantly decrease your credit scores. To help avoid this happening to you manage your credit balances by keeping them below 40% of your limit and if you have a number of credit cards rotate them each month by using them to purchase gas to show consistent activity.