A good credit score ranges from 700 to 850. Most FICO scores are in the range of 300 to 850. It is important to achieve a good credit score because it can save you hundreds of thousands of dollars in reduced interest rates. Whether you want to buy a car, home or furniture, retailers consider your FICO score as the level of credit risk.
There are several things you can do to improve your FICO score. Pay your bills a little early but no later than the due date each month. Delinquent payments is the number one reason for a lower score. Pay off your credit card each month or maintain low balances. Do not move debt around by switching credit cards. Your credit score is determined by a number of factors such as your age, past history, job and payment history.
Check your credit report at least once a year. If you find an error, then you will need to dispute it. Most of the credit bureaus allow you to dispute credit on their website. Set up payment reminders for all your bills to come out of your checking account. Make sure you keep enough money in your account to cover your bills.
If you have problems managing your money, consider contacting a credit counselor for help. High balances on credit cards can hurt your score. If you are turned down for credit, then you are entitled to a free credit report on top of the annual one. You can improve your credit score in just a few months.
Learn more, visit the how to fix my credit page.
There are several things you can do to improve your FICO score. Pay your bills a little early but no later than the due date each month. Delinquent payments is the number one reason for a lower score. Pay off your credit card each month or maintain low balances. Do not move debt around by switching credit cards. Your credit score is determined by a number of factors such as your age, past history, job and payment history.
Check your credit report at least once a year. If you find an error, then you will need to dispute it. Most of the credit bureaus allow you to dispute credit on their website. Set up payment reminders for all your bills to come out of your checking account. Make sure you keep enough money in your account to cover your bills.
If you have problems managing your money, consider contacting a credit counselor for help. High balances on credit cards can hurt your score. If you are turned down for credit, then you are entitled to a free credit report on top of the annual one. You can improve your credit score in just a few months.
Learn more, visit the how to fix my credit page.