Credit scores are somewhat like IRS tax codes: we know they're important; few folks fully understand them; and failing to successfully deal with either can cost you a lot of money. While most of the factors determining your credit scores, such as payment history, number of open accounts, and type of accounts, take months or years to improve, there's one neat trick that can hack your way to better scores in just a month.
No, we're not advocating breaking into Experian's, Equifax's, or TransUnion's computers. (That's already been done!) This tip is far simpler, and boils down to timing.
About 30% of your credit score is based on credit utilization, which is the industry term for the ratio of credit card balances to those accounts' limits. Higher credit utilization equals lower scores. For example, a $1,000 balance on a card with a limit of $...
from MoneyTips https://www.moneytips.com/hack-your-way-to-a-better-credit-score-in-30-days
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