What is a fica score and how to improve it?

Question

What is a fica score and how do you improve your score?

Answer 1

what is a FICO score.
fico scores can be improved by opening a few accounts that are diverse. Auto loan, Credit Cards, student loans, mortgages, are all different types of tradelines.
MAKE SURE TO PAY ON TIME..and to never go over 50% of your credit limits on the credit cards.

Bank of America has a great setup for credit cards...put 99 down and receive a 500 limit.

if you have bad credit then you need to fix it by removing erroneous items

Answer 2

A credit score is a numerical index which represents an estimate of an individual's financial creditworthiness. It is based on a subset of the information in an individual's credit report.Lenders, such as banks and credit card companies, use credit scores to determine credit limits and interest rates.


Follow these simple guidelines to help restore and improve your credit score.


First, make sure all the information on your credit report is accurate.

Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.

Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.

Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.

Answer 3

Big Joe , as the first answerer told you , i will just add never to

exceed 50 % , and always pay on time , if you need the

golden advice leave all these credit , yes i am serious coz its

always taking a lot from us , Cash is King Always pay in

cash , if you need to know more about Fico Scores % Credit

Tips , Loans . . . etc go to Only Best Deals Blog , sorry i cant

post the link here so open google and type :

Only Best Deals

the first line Called Only Best Deals , open it and dont forget

to use the top search box which must lead you directly to

what ever you wanna know about Fico Scores and so on , ,

I hope this Help You . . .

Answer 4

I recommend credit repair unless you have lots of time and a high tolerance for aggravation. Some things are better left to the professionals. Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.

Answer 5

FICO ( I think fica is ss tax , no score with it )

http://en.wikipedia.org/wiki/FICO

Credit score

http://en.wikipedia.org/wiki/Credit_score_%28United_States%29

Boy , I love wiki and to improve it , pay off all your debt but have a bunch of credit available to you .

>

Answer 6

it's a sentence for falling on bad times, move to a new country that has compassion