What is a credit score and how can I improve it?
A credit score, called the ?Fair Isaac? is a score that is based on the number of credit accounts you have, your payment history, and your personal information. It is made from a calculation so complex that there is no exact formula, but the scoring ranges from 350 to 900. You can improve your score by paying your bills on time; closing accounts that are no longer needed; not maxing out your credit cards (never owe close to your limit); not letting prospective creditors pull your credit reports unless it is absolutely necessary; deleting negative credit; deleting inquiries; and doing your best to settle outstanding debts, collections, and judgments.
A credit score, called the ‘Fair Isaac’ is a score that is based on the number of credit accounts you have, your payment history, and your personal information. It is made from a calculation so complex that there is no exact formula, but the scoring ranges from 350 to 900. You can improve your score by paying your bills on time; closing accounts that are no longer needed; not maxing out your credit cards (never owe close to your limit); not letting prospective creditors pull your credit reports unless it is absolutely necessary; deleting negative credit; deleting inquiries; and doing your best to settle outstanding debts, collections, and judgments.
