Lower Your Debt - Before seeking a large loan such as a mortgage its a good idea to pay off as much credit card debt as possible. Having your credit cards to the "MAX" lowers your credit worthiness substantially which increases your future borrowing costs. Try to keep your balances at or below 20% of your credit card limit. Thirty percent of your FICO score is based upon this information. On the average by paying down your credit cards (from being maxed out) will raise your FICO score by over a hundred points once your new balances are reported to the credit bureaus.

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Stuff About Credit And Borrowing