Credit Debt LoansUse The 15/3 Credit Card Payment Hack Today To Instantly Raise Your...

Use The 15/3 Credit Card Payment Hack Today To Instantly Raise Your Credit Score Fast!

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Discover the 15/3 credit card payment hack and boost your credit score in a flash! Say goodbye to low credit scores and hello to financial freedom with this simple, yet effective technique. Learn how you can temporarily hack the system and improve your credit score in just a matter of months. Don’t miss out on this opportunity to take control of your financial future!

If you’re looking for a way to quickly improve your credit score, you will want to take advantage of the 15/3 credit card payment hack.

This simple yet effective technique can help boost your credit score in a matter of days, giving you access to better credit terms and more financial opportunities.

IF YOU ARE LOOKING TO IMPROVE YOUR CREDIT – 

CLICK BELOW AND VISIT AXION AND SUPERMONEY CREDIT REPAIR

Read on to learn how this credit card hack works and how to put it into practice.

So how does the 15/3 credit card hack work?

This strategy, which involves paying off your credit card balance in full every month and then using your credit card for all your purchases, can significantly help you improve your credit score quickly.

The 15/3 credit hack works because it helps you keep your credit utilization ratio low. Your credit utilization ratio is the amount of debt you have divided by the amount of credit you have available. For example, if you have a credit card with a $5,000 limit and a balance of $2,500, your credit utilization ratio is 50%.

The lower your credit utilization ratio, the better. The benefit is that it shows lenders that you’re using a small portion of your available credit, which means you’re less likely to default on your debt.

FAQ frequently asked questions

Credit Card Payment Methods

As interest rates spike, credit scores are more crucial than ever. Imagine knowing a secret credit card payment hack that would lower your credit score within 30 days—a real-life situation to save $24,338. Read on to learn how – the 15/3 credit card hack is explained.

Most credit card companies require you to make a minimum payment per month. You may need to learn that you can hack this system to pay off your credit card debt much faster.

The 15/3 credit card payment hack is a simple way to accelerate debt repayment. Instead of making the minimum payment (or worse, late payments), you divide your total outstanding balance by three and make that your new minimum payment. If you have a balance of $3,000, your new minimum amount would be $1,000.

This hack works because it forces you to pay more than the minimum each month, reducing the interest you accrue. Over some time, this can save you hundreds or even thousands of dollars in interest charges. If you’re struggling with card debt, the 15/3 credit card payment hack is a great way to get out of debt fast.

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Higher Credit Score: Introducing The 15/3 Credit Car Payment Hack 

To fully understand how the 15/3 credit card payment trick works, let’s review the critical element of 15/3 credit hacking. And that is all about credit utilization.

Credit utilization makes up nearly one-third of your credit score. So, this is a vital and easy way to lower your credit score quickly. So let’s dig in further to see how we can manipulate or credit card hack your credit score.

In simpler terms – credit utilization is the percentage of your limit that you are currently using.

In simpler terms – credit utilization is the percentage of your limit that you are currently using.

IF YOU ARE LOOKING TO TRACK YOUR CREDIT – 

CLICK BELOW AND VISIT MYFICO & TRANSUNION CREDIT

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What is Credit Utilization Rate?

First, let’s learn about the critical element of the 15/3 credit card payment trick before we explain the hack itself in detail. Credit utilization is a crucial factor in credit scoring and the amount of credit you use compared to your limit. Credit utilization is the percentage of the boundary you use on your credit card. 

Credit utilization is one of the most critical factors in your score – second only behind payment history!!

Credit utilization makes up nearly one-third of your total credit score. So, this is a vital and easy way to raise your credit score quickly. So let’s dig in further to see how we can further manipulate or credit card hack credit scores.

Here is a credit utilization calculator & worksheet if you would like to calculate your credit utilization today. 

STEP BY STEP 15/3 Credit Card Payment Hack

does the 15/3 credit card hack work
15/3 credit hack

Summary 

  • Credit card billing cycle: You determine when your credit card billing statement is produced.  
  •  You make one payment 15 days before that date and a second payment three days before the bill date.
  •  You make a 15-day and three-day payment 15 days before your credit card statement due date (hence the name).

Why?

Those dates are when the credit card issuer will report your balance to the credit unions every month. So if you pay down your balance before that date, your credit utilization will be lower.  

INSTANTLY increasing your credit score. Especially compared to paying the balance in full when you get the bill.

It’s important to note that your statement date differs from your payment due date, which is the deadline for paying off your statement balance to prevent interest charges. It usually takes 20 to 25 days from the date of your statement (20 days is the legal minimum).

Let’s look at what a 15/3 credit card example looked like in real life, with a client of mine:

  • Robert had a credit card with a limit of $10,000 and a current balance of about $3,500
  • Instead of paying the balance in full when billed, he made a partial payment of $2,500 15 days before the billing cycle ends
  • This reduced his balance to $1,000, and gets reported as a utilization rate of 10%
  • Three days before the billing date, Robert paid the remaining balance in full, resulting in a utilization rate of 0%
  • The utilization rate of 0% was reported to the credit agencies when the billing date arrived.

IF YOU CURRENTLY ARE RENTING CLICK BELOW – 

HAVE RENTREPORTERS ADD YOUR RENT TO YOUR CREDIT HISTORY

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how to use the 15/3 credit hack
15/3 credit card payment hack

Seems too simple right? How come I have never heard of this before?
Well, now you have, and yes – it is that simple.
But it only works month by month. So yes, you can repeat this every month; there is nothing wrong with being in a good habit of paying your bills early.
But for a short-term bump in your credit score before applying for a loan? Nothing can beat the 15/3 credit card payment hack to lower your credit score!!

Pro Tips

Some claim this works because you make two payments to your credit card bills instead of one. You already learned about credit utilization – and know that isn’t true. It works because your credit utilization ratio is crediting reporting way lower for you.
The two payments make no difference on your payment history” either. No amount of extra payments will help you improve your payment history. If that were the case – you would want to make 30 payments a month – one every day.
Credit card firms disclose your utilization percentage to the credit bureaus on your credit card billing date, and the 15/3 payment schedule encourages low current credit card balances on that date.

PRO TIPS

Remember, though, that making your monthly payments on time and avoiding interest charges should always be your top objectives. Don’t get so caught up in tracking your usage that you lose track of time and miss your payment deadline.

If you’re having trouble lowering your utilization ratio because you can’t afford to pay off your bill each month, try contacting a free credit counselor for assistance in developing a budget and payment plan.


Pro Tips

There are a few different ways to further hack your credit utilization.
One way is to open a new credit card with a higher limit. This will immediately lower your credit utilization because your new credit card limit will be added to your maximum credit limit.
Another way to hack your credit utilization is to ask for a credit limit increase on your existing credit cards. This can be more difficult because you will need a good history with the credit card company and prove that you can handle a higher limit.
If you have a lot of credit card debt, you can pay it down as quickly as possible. This will also help to lower your credit utilization.
No matter which method you choose, keeping your credit utilization low is essential for maintaining a good credit score.
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FAQ


How To Raise My Credit Score In a Month

You can do a few things to build your credit score fast.

1. Check your credit report for errors

One of the first things you should do is check your credit report for errors. You can get a free copy of your information once a year. You can visit https://www.annualcreditreport.com 

If you find an error on your report, you can dispute it and have it removed. This instantly boosts your credit score. How high – depends on the error that you found. But how likely is this to even work?

How often is an error found on a report? According to Consumer Reports, 34% of us have at least one error on our credit report.

Click here To Sign Up For Credit Karma For FREE Today

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2. Credit Boost by Experian

Experian Boost is a new program that allows people to add utility and cell phone payments to their files. This is important because it will enable people to improve their credit scores by adding positive payment history. 

This is especially helpful for people with thin credit files or no history.

3. 15/3 Credit Card Payment Hack

I will go deeper into the 15 3 credit hack. This will take about a month and has helped some people raise their scores by as much as 50 points!



Credit Utilization Worksheet

Why Would You Want To Boost Your Credit Score?

Credit scores are one of the most important factors in your personal finances.  A bad score can make it difficult to get a loan, rent an apartment, or get a job.

15/3 credit hack

There are many reasons why you might want to build your credit score. 

  • A good score can help you get a lower interest rate on a loan, which can save you money. 
  • A good credit score can also help you get a job, because employers often check scores as part of the hiring process. 
  • A good score can also help you get lower insurance rates. 

In general, a good score can save you money and help you get access to better opportunities.

How Much Can I Boost My Credit Score?

It’s no secret that a good credit score can save you money on interest rates and improve your finances. How much can you boost your credit score quickly?

8-13 points with the Experian Boost 

Experian Boost alone boosts a credit score by 8-13. And it is entirely free, unlike many credit repair services. That is one quick and easy way to boost your credit score.

Up to 50 POINTS!!! With the 15/3 Credit Card Payoff strategy

fix your credit

I have seen credit scores affected by as much as 50 points, just from a short-term high utilization ratio.

You can improve your credit score by keeping your credit card balances low. Using less than 30% of your available credit is a good rule of thumb and will help your score look better to potential lenders.

Less than 10% credit utilization is the ideal credit utilization percentage.

The 15/3 credit card payment hack is a great way to boost your credit score. The 15/3 credit card hack can also help you improve your credit utilization, which is a critical factor in your credit score.

By following the following tips, you can give your credit score a boost and improve your finances.


How Much Could I Really Save By Increasing My Credit Score?

Well, that depends on several factors. What type of loans are you looking for, how much are you looking to borrow, and how does your current credit score look?

Here is a handy calculator to see how much you can save to boost your credit score with the 15/3 credit hack.

Using the mortgage calculator – you can see how much you can save by boosting your credit to the next tier.  

15/3 credit card example

loan savings calculator to show benefit of a higher credit score and saving the rest

Suppose your credit score is 750 – which is very good. And you could quickly increase it to 770 before you buy your house and close your mortgage. You can see how this simple credit card hack could save you $24,338.

$811.27 savings every single year for thirty years. That is $67.61 every month for the 30 years of your mortgage. Look through your budget, and tell me what you cut – or you are not rewarding yourself with. That you could have redirected that money to each month?

As a financial planner, I was always taught to think numbers. And what they mean to you. So I don’t see a $24,338 savings – I see an opportunity to save more each month.

So let’s say you invested those $ 811 annual savings into a Roth IRA. How much would you have at the end of 30 years? Take a wild guess.

$120,495 – INCOME TAX-FREE!!!

Can you now think of why you can’t spend a few minutes to reward yourself with $120,000 tax-free dollars when you are ready to retire?

Source

USE MY FREE Credit Utilization Calculator & Worksheet



Tips On How To Improve Credit Scores.

Credit scores are important because they show lenders how likely you are to repay a loan. A high credit score means you’re a low-risk borrower, which could lead to a lower interest rate on loan. A low credit score could lead to a higher interest rate, and you won’t be approved for a loan.

15 3 credit hack
15 3 credit hack

There are a few things you can do to improve your credit score:

1. Check your credit report for errors. You can get a free copy of your credit report from each of the three major credit bureaus every year. Check for errors and dispute any that you find.

2. Make all of your payments on time. Payment history is the most critical factor in your credit score, so it’s essential to make all of your on-time payments every time.

3. Keep your credit card balances low. Your credit utilization, the ratio of your credit card balances to your credit limits, makes up 30% of your credit score. So, keeping your balances low to keep your score high is essential.

4. Get a mix of credit types. A combination of different types of credit, such as a mortgage, a car loan, and a credit card, can help improve your score.

5. Keep old accounts open. Closing old credit accounts can hurt your score, so it’s best to keep them open


The Importance of Monitoring Credit Reports.

Credit reports are essential because they provide a snapshot of an individual’s credit history. Lenders use this information to decide whether to extend credit and on what terms. 

By monitoring credit reports, individuals can stay on top of their credit history and ensure no inaccuracies could adversely affect their credit score.

Order your credit report annually at www.annualcreditreport.com


Summarize The Pros And Cons of Credit Hacking

pros and cons

There are a few pros and cons to consider when it comes to 15/3 credit utilization hacking. 

On the plus side

  • It can help boost your credit score by increasing your credit utilization ratio. 
  •  This can be beneficial if you improve your credit score to qualify for a loan or get a better interest rate. 
  •  Additionally, it can help you save money on interest charges by using less of your credit line.

However, there are a few potential drawbacks to consider as well.

  • First, if you don’t pay off your balance in full each month, you’ll still be charged interest on the balance. 
  •  Additionally, 15/3 credit utilization hacking can be time-consuming and requires a bit of planning and effort to execute successfully.

The 15/3 credit card utilization hack is a popular method for increasing your credit score. This hack can work if you are disciplined about making your payments on time and keeping your balance low.  

15/3 Credit Card Hack Explained
15/3 Credit Card Hack Calendar Example

Conclusion

If you’re looking for a fast, easy and effective way to raise your credit score, then the 15/3 credit card payment hack is the answer.

As a seasoned financial planner, I have seen it all and can say with confidence that the 15/3 credit card payment hack is the solution for those looking to rapidly enhance their credit score.

This simple yet effective technique not only elevates your credit score in a timely manner, but also helps to effectively manage your credit card debt. By incorporating this strategy, you can take control of your credit score and build a secure financial future.

Don’t wait, give the 15/3 credit card payment hack a try today and experience its benefits firsthand

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Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.

Michael Ryan
Michael Ryanhttps://michaelryanmoney.com/
Who Am I? I'm Michael Ryan, a retired financial planner turned personal financial coach. And author and found of blog. My advice is backed by decades of hands-on experience in finance and recognition in esteemed publications like US News & World Report, Business Insider, and Yahoo Finance. 'here'. Find answers to your financial questions, from budgeting to investing and retirement planning, on my blog michaelryanmoney.com. My mission is to democratize financial literacy for all.