fico tips
Useful FICO Tips
- When you get your credit score you want to find out how you compare. The range is 300-850 but anyone below 580 will have trouble finding a mortgage. If you need to improve your rating our website goes into detail how the score is calculated and how it can be improved.
- Getting your credit report will not effect your score as long as you order from one of the sources listed here.
- Review your credit report for accuracy. Mistakes and omissions will affect your rating.
- If you spot an error contact the credit reporting agency and the creditor whose information is incorrect.
Boosting your scores
Your credit scores change when new information is reported by your creditors. Your scores will improve over time when you manage your credit responsibly.
Here are some general ways to improve your credit scores:
- Pay your bills on time. Delinquent payments and collections lower your score.
- Keep balances low on credit cards. High debt levels lower your score.
- Payoff debt rather than moving it between credit cards.
- Open new credit accounts only when you need them.
- Check your credit report regularly.
- If you missed any payments get current and stay current.
- The longer you pay your bills on time the better your score.