"Once you've hit the mid 700's you're good.
If you run a $5,000 balance on a credit card with a $10,000 limit, for instance, your ratio is 50%.
To boost your score, credit experts recommend keeping your ratio under 30%, and ideally as low as 10%.
That might mean cutting back on spending, asking your credit card company to raise your limit or opening a new credit card — as long as it won't encourage you to spend more.
Add more good information to your credit historyEven if you have blemishes on your credit history, "you can offset them by filling up your report with good things," says Rossman.
Persons:
you've, Ted Rossman, it's, Rod Griffin, Griffin, AnnualCreditReport.com, You'd, Rossman
Organizations:
Bankrate, Experian, CNBC