Optimizing accounts to raise your credit score Video

Optimizing Accounts To Raise Your Credit Score

This "Optimizing Accounts To Raise Your Credit Score" video requires the latest version of Adobe Flash Player.
Download Flash

Get Flash

More From Life 101

Please Rate

Send

Send to Your Friends

Use Your Email Software Or:

Send to: (enter email addresses, seperated by commas)

Your Name:

Your Email:

Your personal Message (optional):

Favorite

Favorites

This video has been added to 'My Favorites' in your studio.

This video has been removed from 'My Favorites' in your studio.

Loved this video? To add it to your faves, please Log in or Sign up now!

Flag

Flag this as Inappropriate

If you find this video to be inappropriate or offensive for any reason, please select a reason for reporting it from the dropdown menu below.

Reason

We are committed to reviewing each and every one of your submissions.

If you are the copyright owner of this video and believe it has been uploaded without your permission, please follow these instructions in order to submit a copyright infringement notice.

Videos Shared:

931

Member Since:

6/30/09

By: MonkeySee.com - Business

MonkeySee.com is leading producer of lifestyle focused how-to content with over 10,000 videos spanning 169 subcategories.

Video Info:

How to videos/ Life Tips videos / Life 101 videos

Views:1,228 Rating:5 Comments:0

MonkeySee.com

Optimizing accounts to raise your credit score -

In this video, Mr. Barnett reviews some important aspects on managing your money in college, like optimizing...

Optimizing accounts to raise your credit score -

In this video, Mr. Barnett reviews some important aspects on managing your money in college, like optimizing accounts to raise your credit score

Added: 8/3/09

Tags:

optimizing accounts to raise your credit score bankruptcy cancellation plan financial aid how to get a scholarship managing college budget monkeysee mr. barnett personal finance

URL:

Embed: (More)

Comment on this Video

Your Name: Email (optional):

Are you human?

Comments
Add-ons
Links
Transcript

Get it off your chest – be the first to comment on this video!

Optimizing Accounts To Raise Your Credit Score

Host: How do I optimize accounts to raise my credit score? Markita Aldridge-Woods: The way to optimize your credit score is basically, is you don t want to have one card with a high balance, like your balance outstanding because remember that s 30% of your score, let s just say, they give you a high credit limit of $3,000, you don t want to have a maxed all the way up to $3,000. It would be better to have three cards with a $1,000 each on it versus putting everything on one card and people try to do that. I call it credit card arbitrage, where they just try to change around and switch balances or consolidates debt into one credit card and they mess up their available credit mix and their ratios there. So, it's better to have your balances spread over a few cards versus just having a high balance on one card.

MonkeySee – See How the Experts Do It

MonkeySee is a large collection of professionally-produced and user-generated how-to videos. It’s a great way to learn something new, and the perfect platform for experts to share their knowledge and increase their credibility.

http://www.monkeysee.com/

For more from this creator

Find additional videos from this creator and more.

http://www.monkeysee.com/play/5211-how-do-i-optimize-accounts-to-raise-my-credit-score

Host: How do I optimize accounts to raise my credit score?
Markita Aldridge-Woods: The way to optimize your credit score is basically, is you don t want to have one card with a high balance, like your balance outstanding because remember that s 30% of your score, let s just say, they give you a high credit limit of $3,000, you don t want to have a maxed all the way up to $3,000. It would be better to have three cards with a $1,000 each on it versus putting everything on one card and people try to do that. I call it credit card arbitrage, where they just try to change around and switch balances or consolidates debt into one credit card and they mess up their available credit mix and their ratios there. So, it's better to have your balances spread over a few cards versus just having a high balance on one card.

Transcription by: Scribe4you Transcription Services