2007-05-14 12:57:49 · 6 answers · asked by MsB 1 in Business & Finance ➔ Credit
FICO score improvement is dependent on a number of items.
1) How much credit have you earned in your life. Higher the better like credit for a house, auto, credit card and large amount of credits
2) How much credit was issued to you in the past and how much you actually paid off. So paid off car, house or credit card will jump your score
3) Older credit cards also keep the score up.
The key to a higher FICO is all of the above and than most important is making sure that you are not late.
2007-05-14 13:27:14 · answer #1 · answered by a a 1 · 0⤊ 0⤋
How do you define Improving your FICO score? If you pay off all your debts and live on you you earn, your FICO score will cease to exist. You have to owe money to increase you FICO score. I prefer the former.
2007-05-14 20:38:12 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Being that you said FICO score then you must have already purchased a 3 in 1 credit report. You must evaluate your credit issues and make plan of action to correct them. May I suggest a site that can help you http://www.thecreditrepairmanual.com
Best of luck,
2007-05-14 21:04:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the best way to improve your score is to pay off all the debts that you have outstanding. then pay all you bills on time. Also if you do not have any open credit cards open one up (even if it is a secured one) and pay that on time as well. The key is to pay all your bills on a timely basis and you will slowly see your fico score increase.
2007-05-14 20:12:03 · answer #4 · answered by fab m 1 · 1⤊ 0⤋
It takes time. All u can do is pay you bills on time and make sure everything on your credit report is correct..
2007-05-15 12:27:33 · answer #5 · answered by shorty21 5 · 0⤊ 0⤋
Apply for more credit cards. (Just don't use them!)
2007-05-14 20:48:30 · answer #6 · answered by Anonymous · 0⤊ 1⤋