 TITLE: How Your Tax Refund Could Improve Your Credit Score CONTENT: Pay Down Debt\n-------------\nUsing your refund to pay down revolving credit card balances is one of the best ways to boost your credit scores in a flash. That's because as you knock out debt, your credit utilization ratio—the percentage of available credit you're using—drops too. This ratio plays a major role in determining your credit scores.\nExperts recommend keeping your utilization ratio below 30%, but for top scores, below 7% is ideal. To help improve credit, use at least a portion of your refund to make a dent in your debt, and keep your utilization low going forward.\nIf you have multiple credit cards, prioritize paying off the ones with the highest interest. That way you'll get the added benefit of saving money on interest charges. END