There’s a free, easy way to hike your credit score—and slash your financing costs—in just minutes…

A key factor affecting your credit score is your “utilization ratio.” It tracks how much of your available credit you’re using.

Higher utilization rates (above 30% for a given account) may lower your credit score.

Now here’s the “hack”…

  1. Call your credit card company.
  2. Ask them to increase your credit limit.
  3. That’s it.

CNBC reports credit card companies grant credit line increases 80% of the time. The additional free credit will lower your utilization ratio… and improve your overall credit score.

[We know it makes no sense—you didn’t become more creditworthy just by gaining access to more overall credit—but most things go against common sense in today’s financial world…]

Here’s the most important part: Do NOT “fill up” this additional credit with additional debt. If you already have a debt problem, more debt is never the solution…

  Creating Wealth Managing Editor Lindsey Hough shared another free credit solution in the March issue. She saved $50,000 in two 15-minute phone calls… and she reveals how you can, too.