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Individual’s credit score has turned into the individual’s life score in our society. Your credit score is constantly checked, your credit report is evaluated by numerous companies for numerous reasons. No wonder that everybody is trying to figure out what to do to raise their FICO’s. Here’s a couple of tips that can help you out:

•  Pay your bills on time, and pay as much as you can. Missing your payments or sending the funds late will impact your numbers negatively. Besides that, the more credit you have used, the higher your credit available to credit used ratio is. Higher ratio means lower score.
• Check your credit reports. You credit reports contain all the information, that lenders will judge you by. If there are errors on your report, you better get them fixed, unless you want somebody else to buy that nice shiny car you are looking at the dealership.
• Refinance. Check your credit cards and see if you can get a good deal on a balance transfer. Shop around ans refinance your mortgage. Both of those will leave with more cash to apply towards your loans.
• Be careful with the accounts. Don’t open new accounts rapidly, and keep the old accounts open.
• Control your spending. Try to use cash and keep the plastics for emergencies. Keep your balances low, call your bank every now and than, ask them to lower your APR’s or waive your fees. Set-up a budget, write everything down and stay on top of your finances.

- Get all three credit reports for free here (not a sponsored link or a hoax; it’s 100% free)

- Get all three credit reports unlimited views for $9.99 per month (Credit-Keeper by HSBC)

Tags: credit score | fico | loan | apr | annualcreditreport | hsbc | budget