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More importantly, spreading out \u2013 and paying down – your revolving debt is a good strategy.\n On the flip side, however, don\u2019t apply for a bunch of new credit cards thinking you\u2019re increasing available credit \u2013 especially if your credit is new.

Worse, card churning (rapid-fire account applications) can mark you as a credit risk.\n It may seem complicated, but it\u2019s simpler than it sounds. They\u2019re looking at how we manage the revolving debt we have in order to judge if we can handle more.

It may seem complicated, but it’s simpler than it sounds. They’re looking at how we manage the revolving debt we have in order to judge if we can handle more.

Your credit cards are the best means of proving you can be trusted to pay back a loan – better yet, multiple loans – in a timely, consistent way.\n If you\u2019re trying to repair your credit or bump up your credit score, look no further than your own wallet.

Good news: it’s easier to fix than payment history.

Along with keeping individual balances to a minimum, focus on paying down your overall credit card debt.

Consistent and timely payments are the single most important thing you can do to improve your score. Use auto-pay for recurring bills when you can, or set reminders for a few days before bills are due.\n Once a debt goes to a collection agency, it\u2019s on your record for seven years.More importantly, spreading out – and paying down – your revolving debt is a good strategy.On the flip side, however, don’t apply for a bunch of new credit cards thinking you’re increasing available credit – especially if your credit is new.And while you won’t get approved for a mortgage or other major loan without good credit, there is one form of revolving credit you’re probably already managing: your credit cards Misused, credit cards can get you into trouble.But managed properly, credit cards are a powerful tool for proving your ability to handle debt.

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