Learn What A Credit Score Means To You, How A Credit Score is Calculated, and Some Quick Tips on Improving Your Credit Score!
With the recent financial hardships millions of Americans are facing, it’s more important than ever to make sure you’re protecting and taking steps to improve your credit score.
Through this short series of articles, you will learn:
- What the credit score meaning is and its affects on your life – Yes, your life! It’s amazing how much your credit score can affect where you live, your education options, and even which job you get. More people should be aware of this. Think of it as being a part of the game of life – your real life.
- The credit score breakdown in detail – The first step to winning in the credit score game is to understand the rules. I will be discussing how the most commonly used credit score, the FICO Score, is broken down and calculated. Please note that since this is FICO’s bread and butter, their complete formula isn’t public. But the information provided does come through some sound research and are based on reasonable assumptions.
- 5 best ways to raise credit score – Based on what is known about the FICO Credit Score formula, we can clearly figure out 5 ways to raise your score or keep it up. These tips will help you stay on top of the credit score game and make sure you continually optimize it.
Hopefully these articles will expose you to new information and help you find additional ways to improve your credit score. Please feel free to contact us with your feedback and questions.
Read Part 3: Credit Score Meaning »