Credit Score Improvement Tips

Trying to improve your credit score is no easy task.  Individuals usually start by looking for a easy and quick way to do so, but find there really isn’t.  There are many credit score improvement tips out there, but here is a short condensed list

Credit Score Improvement Tip One: Focus on Your Payment History

There is nothing more important in the FICO score calculation than your payment history and it carries a weight of 35%.  Here is a list of credit score improvement tips just for your payment history

Credit Score Improvement Tip Two: Pay down your debt

Your debt to credit ratio makes up the next largest portion of your credit score and a high one will not be in your favor.  Here some idea specific to this area:

Credit Score Improvement Tip Three: Don’t Apply for new credit unless you need it

How often you apply for new credit is known as a credit inquiry and these can either hurt your score or do nothing at all.

Conclusion

Since many of the factors of your FICO score are interdependent doing just one will have little or no effect.  You must try as many things as you can to really improve your credit score.  Also, you must realize it is going to take time.

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