When you open up your wallet do you have take your credit score into account? If not, maybe it is time. There are a number of effective ways to increase your score while gradually paying down your card debt that won’t require new computer software or computer memory or a lot of extra time even to crunch the numbers.

We all know that carrying a number of cards that are near maxed out will put a big hurt on your score and that paying them off can be a process, so why not utilize an installment loan?

An installment loan will not affect your credit in the same fashion as excessive card debt. Regarding debt ratio, the loan isn’t subject to the same scrutiny and will most likely not accrue as much interest as a credit card. In addition, an installment loan will also reduce your overall “debt over time” as the amount due is set.

This entry was posted on Tuesday, July 29th, 2008 at 11:15 pm and is filed under Credit Improvement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.