Credit Score Scale – Improve your FICO Fast With These Tips
Here are a few tips to advance you on the credit score scale that will provide you with much more lending potential:
– Always pay off your balances every month. Sure this is probably a no-brainer for most but consistency is key here. Have you heard to saying “it’s not what you know, it’s what you do?”. Well the same applies here. Make sure to service your debt and make payments every month and overtime you’ll see a great score. But you cannot miss even 1 time, that will shatter your scores. You may want to use a automatic bill payer or have reminders go off every month so you can pay bills on time.
Along with servicing your debts every month, here is another trick that may not be so talked about to build a nice FICO on the credit score scale.
– Never pay off all of your credit card debts. This really goes against the grain from what most of our parents taught us but it is very true. The credit bureaus will actually like seeing you carry just a little debt every month as long as you can: a.) service your minimum monthly payment and b.) never carry too much debt. This right here is a secret tip for getting a strong FICO to boost your credit rating. I will carry $1 every month on my credit cards to show that there is a debt carried. This has boosted my scores tremendously.
Last but not least, here is the missing key that many overlook but it plays a major role in boosting your credit score chart.
– Always monitor your credit reports. If you really want to grow your profile to look good on the credit score scale then you must check your credit report regularly. And you must do this yourself!
Banks and loan offices will deduct points of your credit score when they pull your report because it is a “hard pull”, you do not want any points lowered from your report so you must do it yourself online. For those who maintain strong FICO’s, they do this because they are on top of things. There are changes that go on all the time such as increased interest rates, lowered credit limits, additional cards added that you are unaware of, or even identity theft (that happens all the time). You can be on top of things when you see your current credit report regularly to correct any mistakes that happen to you credit score rating.
Developing your credit score scale may take a little time but will be well worth it in the end. Feel free to check out the original article source found at this page: http://www.buzzle.com/articles/credit-score-scale-how-to-get-a-high-rated-fico-and-strong-credit-profile.html
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