CREDIT RESTORATION TIPS!

One Card, Two Cards, Many Or Few Cards? Having more than one line of credit is definitely beneficial — if used correctly. However, multiplying your cards multiplies the responsibility. Holding multiple cards and paying on them regularly demonstrates the ability to manage multiple lines of credit without drowning in one debt by compensating through another. Having more than one card and handling each of them equally well can further bolster your image as a responsible adult. Above all, when someone accesses your credit report, they are looking to see if you can demonstrate responsibility. Demonstrate that you have the capability of managing debt without being controlled by it. Again, by properly handling multiple lines of credit at once, frequently keeping minimal balances and paying off monthly, more than one card can be advantageous to your credit score, and thus your relationship with creditors, lenders and contractors. Knowledge is Power and Credit is King!