Payment History 35%
Amounts Owed 30%
Length of Credit History 15%
New Credit 10%
Types of Credit Used 10%
How do you increase your fico score?
1. Pay your bills on time.
2. If you have missed payments, get current and stay current.
3. Paying off a collection account will not remove it from your credit report.
4. If you are having trouble making ends meet, contact your creditors or a credit counselor.
5. Keep balances low on credit cards and other revolving credit (use less than 50% of your total limit).
6. Pay off debt rather than moving it around.
7. Don't close un-used credit cards.
8. Don't open new credit cards just to increase your available credit.
9. Do your rate shopping for a given loan within a focused period of time.
FICO scores distinguish between a search for a single loan and a search for many new
credit lines, in part by the length of time over which inquiries occur.
- ► 2010 (30)
- Government Spending
- What Determines My FICO Score?
- Complete Not Compete
- Fear of Failure
- Law of Averages
- Thoughts for the Readers
- Health- Building a Foundation for the Future
- If You're Poor, Take a Rich Person Out To Dinner.
- What Does How You Spend Your Time Say About You?
- What Does Hope Do for Mankind? by John Maxwell
- How Do Your Relationships Play Into Your Success?
- To Be Successful or Not To Be
- Tips for Encouraging Yourself
- Say Hello First
- Profiles In Greatness
- Cleaning with Excellence
- The Job of an Entrepreneur
- ▼ October (17)