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Repair Credit Score
The credit-scoring formulas lies in the nice, big gap between the amount of credit being used and available credit limits. Racking up big balances hurts the score, regardless of whether the bill is paid in full each month. The limits should be checked periodically and widen the gap between the limit and your closing balance, which boosts the score.
To repair credit score the older cards should be dusted off which boosts the score and also the lender should have goodwill on the customer. There is a provision that one can argue or dispute over old negatives. To repair credit score one should take care that his credit limits need not be lowered without being asked by the lender.
The payment should always be made in time, if there is any delay or missed it always affects the good score. Generally it is better to have smaller balances on a few cards than a big balance on one. If one wants to escape from disaster like bankruptcy or repair credit score one can apply for and get an installment loan. If the score is well and good it should be maintained constant.
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