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Useful Tips To Raise Fico Score 

 
Now that you know what is FICO score, the next thing an individual needs to know is how to Raise FICO Score?

There is no fast track available to raise FICO score, which means that raising FICO score could take time. FICO score shows credit payment patterns over the period of time and emphasis/relies on the latest information of the creditor.

Here are some general tips and tricks which could help you raise FICO score.

1. Every FICO score report provides an insight that focuses on the negative points of an individual's score. Focusing on those points where your credit score could be higher could raise FICO score.

2. If it is absolutely necessary to apply and open a new credit account, however do not open a new credit account to portray a better credit position. It will not raise your FICO score, on the other hand it might even lower you FICO credit score.

3. Always pay all your bills on time and never delay any payments, not even couple of days, this could create a major negative impact on an individual's FICO score.

4. Do not miss out on any payments, but if you have then acquire current and remain current. Remember as many payments and bills you pay on time after begin late, the more your FICO score will increase. Older credit issues matter less, which means poor credit performance will not disturb for forever. As long as you keep on paying your bills on time the older problems will slowly parish and the FICO score will start rising.

5.If an individual is having problem making ends meet, contact the creditor or visit a legitimate credit counselor. This may not increase your FICO score immediately, but after some time if you keep on making payments on time the FICO score will raise, while attempting to be assisted by a credit counselor will not harm you FICO score.

6.If you want to keep your FICO score high then remember that you should keep the credit card balances low. High debts of your credit cards or any other revolving credits can post negative impact on your FICO score.

7.Pay off your credit card debts instead of transferring amount from one credit card to another. The most efficient and effective way to raise your FICO score in this area is to pay off credit card debts completely.

8.If you had a bad credit history and faced problems in re-establishing your credit history, open new accounts and always pay off those accounts on and even before time, this could affect you FICO score positively.

9.Always try to keep your account balance under the credit limit.

10.Never close those credit cards which you have not used as a strategy to raise FICO score in short time. This strategy could go wrong and your FICO score could get low.

11.Never open lot of new accounts, especially if you want to use credit for a shorter time, this could lead the lender in a state of insecurity and risk.

 
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