HOW TO GET HIGH CREDIT SCORES WITH LOW CREDIT LIMITS 2020

You don't need high credit limits to get excellent credit scores under many scoring models. All you need is a good #CreditStrategy using an effective credit activity and payment scheme.

Use either of these options to effectively utilize small limit cards to your advantage and send your #CreditScore higher:

1. Small monthly recurring activity every month and auto-pay.
2. Make extra payment(s) around the date the Lender reports the balance.

Option 1 is easiest. A quick $1 Amazon load to your Amazon account works well. Enrolling your credit card in auto-pay takes care of the rest.

Option 2 is ideal for Consumers that prefer to use their credit cards as their main drivers in everyday spending. Option 2 involves #CreditCycling which involves making extra payments to allow more activity beyond the #CreditLimit of the card.

Be careful when Credit Cycling your cards as some Lenders see this activity as higher risk due to perceived fraud or abuse as recognized by their credit models. As with most credit activity that can resemble fraud like Credit Cycling, approach with caution and start small and slowly scale it. Do not cycle a newly opened card several times over upon account opening as it may trigger an account freeze or even closure by the Lender. I will make a video covering Credit Cycling soon.

For more information on Option 1 and exploiting easy transactions for huge credit score increases, see Screaming Lincolns video on how to use $1 Payments to Increase a Credit Score here:

youtu.be/8wYnhDEwxQE

For a deep-dive look into Credit Utilization and how to reduce its impact on your score, see Screaming Lincolns video on Credit Utilization here:

youtu.be/Gc7MVOYztZM

Need help in starting your credit journey but unsure where to begin? See Screaming Lincolns video on 3 Easy Options to Get Started here:

youtu.be/ij_w_5qJEks

Let me know how you're doing, or if I can help, in the Comments!

NO PRE-ROLL ADS
NO MID-ROLL ADS
NO ADS WHATSOEVER
NO AFFILIATE LINKS
NO PATREON
NO MEMBERSHIPS
NO REQUESTS FOR SUBS OR LIKES

JUST THE DATA. Use this data to your benefit. Watch again or watch other Screaming Lincolns videos to build your own understanding of credit.

You won't find annoying, lengthy intros for Calls-To-Action for Likes, Bell Notifications, Subscribe, or Sales Pitches in any Screaming Lincolns video, just the data. Your time is too important. Too much time is wasted in YouTube videos with Creators' lengthy intros telling Viewers to Like/Sub/Sign-up for this&that blah blah.

Please break my conchae with your fist if I ever request you, the Viewer, to "Hit that Like Button" or "Tap that Bell Notification" in any Screaming Lincolns video.

Please share this video with someone who could benefit from it. The credit game is best played in multi-player mode, as multiple signup bonuses can be scored with the right strategy. Referrals are always nice for yourself! You'll go further in your credit journey with an accountability partner, too.

Got a question? Don't be shy! Hit me up in the Comments anytime!

What are you waiting for???

~Cap