With all the different kinds of information that credit scoring models incorporate, numerous tactics for improving scores are available. However, any action to improve a credit score must be taken judiciously: some actions aimed at improving your score may actually make it worse.  

Many individuals reap significant benefits by properly employing these simple FICO score improvement techniques:

  • Make payments on time, especially to installment and revolving accounts, as these report to the bureaus monthly
  • Do not apply for any new credit cards or loans
  • Pay credit card balances down to 30% of your credit limit or less
  • Make sure your credit card company reports a limit
  • Keep 3-5 open and active accounts in good standing on your credit report
  • Review your credit report every year

Not sure what your credit looks like to a Mortgage Lender? Contact Us today for a free evaluation and review to see how you can improve your credit.


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