FICO SCORE. Let's talk about. How is yours?
DID YOU KNOW 90% of lending decisions rely on FICO credit scores?! Here's a quick reference on how they grade: 300 = poor; 580 = fair; 670 = good; 740 = very good; and 800+ = excellent.
Payment History is key. I was taught to pay everything off every single month, in full, on time or early/before the due date. An even better habit is to figure out WHEN the 3 major credit bureaus pull reports and to pay off any balances BEFORE that date so when they run your balance it's $0'd out. This is also why how much you spend versus how much your credit card limit is, matters. IE: if you have a credit card limit of $5k and you spent $2500 on that card (or max it out).
If you have a credit card, or maybe a few then chances are one of your card benefits is monitoring your FICO score. I highly recommend checking it out and playing around with your pay offs -- I'm willing to bet you will see positive change in as quick as 1-3 months with these changes. *I say that because I actually do it.
BOTTOM LINE: If you have credit that could use some boosting or overall repair, please consider reaching out to me for a confidential conversation. I have a team of professionals who help clean + boost FICO scores for a living.
HERE is a quick read of an article you might find interesting!
Payment History is key. I was taught to pay everything off every single month, in full, on time or early/before the due date. An even better habit is to figure out WHEN the 3 major credit bureaus pull reports and to pay off any balances BEFORE that date so when they run your balance it's $0'd out. This is also why how much you spend versus how much your credit card limit is, matters. IE: if you have a credit card limit of $5k and you spent $2500 on that card (or max it out).
If you have a credit card, or maybe a few then chances are one of your card benefits is monitoring your FICO score. I highly recommend checking it out and playing around with your pay offs -- I'm willing to bet you will see positive change in as quick as 1-3 months with these changes. *I say that because I actually do it.
BOTTOM LINE: If you have credit that could use some boosting or overall repair, please consider reaching out to me for a confidential conversation. I have a team of professionals who help clean + boost FICO scores for a living.
HERE is a quick read of an article you might find interesting!
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