I have 2 credit cards and I trying to raise my credit score. I want to pay off all but 25% of them and not close them. Any Ideas????
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The actual formula used by the various scoring entities and FICO is kept secret, so anything that could answer your question would only be a wild guess and more likely to be significantly inaccurate.
To maintain the highest score, however, cards should carry a zero balance which provides the highest available credit ratio and a low debt to income ratio. Cards should be used at least once a quarter (if not more) and paid off on a monthly basis. This shops up as timely payments and is weighted just as highly as making monthly payments on an ongoing balance, while avoiding finance charges. It also keeps the cards active so the company does not close them due to inactivity.