Posted by: creditswimmer | March 23, 2009

Avoiding The Shark

There are many things that must be done to maintain and improve your credit.  These are generally offensive steps that are aimed toward credit building.  The Credit Swimmer must steer clear of the shark or risk having strokes of bad luck.  The shark is hungry and out to ruin the small fish. This will require defensive exercises which must be implemented quickly to avoid being swallowed.  First, avoid applying for anything un-necessary.  Second, never verbally give out your social security number.  Third, only submit sensitive data (s.s.n., d.o.b., home address / phone no.) online to sites that reflect https: within your primary url search bar.  Most sites reflect http://  but, when you see https:  it let’s you know that you’re on a secure site that will encrypt your data.  Fourth, only use atm machines that are in well lit public areas and be sure to shield your pin number.  Fifth, do not leave your receipt at the atm or gas pump. Take your data with you and make sure that your transaction has ended.  Sixth, never give personal information to anyone that visits your home.  Seventh, when you’re leery of a necessary purchase choose credit instead of debit.  Cards that reflect the Visa or Mastercard Logo’s may provide refunds for fraudulent transactions. Check with your card’s issuer for limits of protection. Eighth, always safeguard your credit and account info. Ninth, continue to follow the adventures of the Credit Swimmer.  Tenth, visit for information about identity protection, credit monitoring, your credit report and your credit score. 

Posted by: creditswimmer | March 16, 2009


The seasons are changing and most television sitcoms are about to end. This will cause the Credit Swimmer to venture into uncharted waters.  As spring approaches, the Credit Swimmer will want to seek financing for a new wardrobe (shorts, t-shirts, tank tops, sandals, sun glasses). There may also be a desire for a new vehicle, a new home and traveling to a great vacation spot.  This may result in credit Surfing.  As credit is applied for or sought, the Credit Swimmer unknowingly attaches an anchor that will capsize the credit score due to inquiries.  This can be avoided by using prudent credit management.  Choose to seek financing for necessary items that you have planned for.  The Credit Swimmer does not plan and will be Surfing everywhere possible such as department stores (10% off – apply now for credit offers), car dealerships (got a job = get a new sports car, bring in your tax refund and a pay stub))  exotic resorts (free weekend time share offers) that guarantee financing approval.  Avoid making emotional decisions to finance last minute purchases and you will avoid having your credit take a dive!!!

Posted by: creditswimmer | March 9, 2009

Cherry Picking

This technique will enhance your ability to more often satisfy the most stubborn types of accounts.  When floating  in hot water the Credit Swimmer must make prudent account choices for credit improvement.  A Credit Swimmer may have scores that touch the bottom of the pool, but by using tips from the scores will surge towards the surface.  Cherry Picking involves selecting the best accounts to manipulate for increasing credit scores.  The major credit bureaus use historical data to generate credit profiles.  This data is factored from inception to the most recent activity.  The inception being, the earliest/oldest account information on record (credit report).  The credit scoring formula places an emphasis on the most recent data.  The Credit Swimmer should strive to clean up any derrogatory accounts that report to the 3 major credit bureaus.  This will improve the credit appearance over time and as a result the credit score should adjust upwards.  For a quicker increase to credit scores, Cherry Picking will require that the Credit Swimmer select open accounts with the highest balances in relation to high credit limits.   For example, an account that has a $250. balance and a $500. limit has a 50% used balance to limit ratio.  It shows that the Credit Swimmer has used 50% of extended credit and has 50% credit availability on this account.  In another example the Credit Swimmer has a $240. balance and a $300. limit. This shows an 80% usage of extended credit and 20% availability on this account. Cherry Picking would suggest paying down the accounts that will have the most impact.  In the above examples, it would be advised to pay down the account with the $240. balance, because it has the highest (80%) balance to limit ratio.  The percentage / ratio is more important to focus on rather than the dollar amount, as the credit scoring model evaluates the available credit that the Credit Swimmer has.   The Credit Swimmer would have a 75% availability ratio if $100. was used on an account with a $400. limit.  The accounts with high availability ratios receive additional points that are used for scoring.  When extended credit reflects above a 30% usage ratio, this detracts from the credit score.  This type of account management will optimize the Credit Swimmer’s profile when credit scores are needed.

Posted by: creditswimmer | March 3, 2009

Breast Stroking

          This maneuver is not the easiest to preform, but it may provide quick relief for the Credit Swimmer.  With insurmountable debt that seems to rise as quick as the tide, the Credit Swimmer must rely on proven techniques.  Such as the breast stroke, to chop at the debt while pulling ahead and striving for improvement until one can tread!    This concept involves paying down accounts with the smallest balances.   As each account is paid half way down, to less than 30% and to zero, it recharges the Credit Swimmer for the next race and account.  These tips provided by will enable the Credit Swimmer for the victory lap.

Posted by: creditswimmer | February 26, 2009

Surviving Deep Credit Waters

     Are you fighting the tide or resting on your beach chair.  Many of us are underwater in regards to our financial lives.  This consume today and pay later mentality has caused consumers to spend $1.30. for every $1. that will be earned.  For many, the earnings have stopped due to a loss of income.  When income exceeds $1.30 for every $1.  spent,  bills are generally paid and as a result credit is good.  That being said, those who have things under control are drinking martini’s on their beach chair and should they approach the water it will typically be with a slow foot to test the waters.  This is not the case for the CREDIT SWIMMER, for he / she is looking for a flotation device in the middle of the Pacific.  The CREDIT SWIMMER will not have to tread alone, by using the credit building tips from  things will flow smoother.  The CREDIT SWIMMER will be armed with tools that resemble flippers, goggles and a snorkel.  Survival is a must and the CREDIT SWIMMER can breathe easier!!!