Last week I talked about the 5 key elements of your credit score. So now, let find out the 4 ways, FICO.com suggests to improve your score.
1. Request and check your credit history
This won’t affect your credit score as long as you order your credit reports directly from the credit reporting agency (Equifax, Trans Union or Experian
2. Re-Establish your credit history if you have had problems.
Opening new accounts responsibly and paying them off on time will raise your credit score in the long term.
3. Apply for and open new credit accounts only as needed
Don’t open accounts just to have a better credit mix.
4. Note that closing an account doesn’t make it go away
A closed account will still up on your credit report and may be considered when calculating your score.
If you have any questions, please send me a message. I’m never too busy to help.
Remember, education is the 1st place to start.