Tips to increase your FICO score

Here are some tips on how you can raise your FICO score:

Ø Pay your bills on time: Delinquent payments and collections have a negative impact on your score.

Ø Stay current on payments: The more consistently you pay your bills on time, the better your score.

Ø Closing accounts that have had missed payments or have had collections does not increase your score: FICO score considers your past credit history.

Ø Contact your creditors or see a credit counselor: Over time they can help you manage your debt.

Ø Don’t close credit cards as a short-term strategy for increasing your score: Having available credit that you don’t use doesn’t increase your score.

Ø Re-establish your credit history if your have had problems.

Ø Have credit cards but manage them responsibly.

Generally, the your FICO score uses the five categories below to determine your score:

If you need Credit cards to rebuilt your credit

If you need help with Debt