BONUS tip: DON’T EVER BE LATE FOR ANOTHER MONTHLY PAYMENT AGAIN!how to meliorate your fico reason

1. Try to pay your bills at the beginning of the billing cycle rather than just before the due date. Not only will it boost your credit score a little bit, but it will also cost you less in interest finance charges.
2. Never use more than 50% to 60% of your available credit on your credit cards or credit lines. You can actually be penalized with a lowered credit score by maxing out your credit limits.
3. Do not keep more than 4 credit cards open, as too many credit cards on your credit profile can work against you.
4. Never close any credit accounts that are old. If you need to or want to close any accounts and just keep one or two available for emergencies, then always keep the older ones open and close down the newer ones. Having a longer credit history helps to improve your credit score.
5. DO use your credit cards every month. This may be contrary to advice that other financial advisors may give you to cut up your credit cards. While it is true that you may have an addiction to or a dependency on credit cards and need to break free of the cycle, it is also important that once you pay off your credit cards, you actually keep using them! Once your credit cards are pay off, do be sure to make occasional purchases on them every month, which you will then turn around and immediately pay off in full. This is a sign of responsible credit use and works to boost your credit score! There are some people who vow never to use credit cards, but in so doing, they are missing out on a great way to actually boost their credit score.
6. Become a cosigner with someone else who has good credit. If you have any friends or family members with whom there is an established mutual trust, who have good credit, you can ask them to add your name to their credit accounts, but not give you a credit card or access to any of their accounts. This way you will be able to passively and silently improve your own credit score as they use their own credit, without you actually having to meddle with theirs.
7. Pay your credit card balances off in full every month. Never keep a balance on your credit cards that you couldn’t have afforded to pay the cash equivalent for, in that month.
8. Request your creditors to increase your credit limit, but do not go out and spend up to that limit. By increasing your limit, you are actually achieving tip #2 above, and this will help boost your FICO score.
9. Dispute any derogatory items on your credit report. If there are any inaccuracies or unverifiable information, the credit bureaus will delete them from your report, which will, in turn, raise your FICO score.
10. Stop applying for new credit. Once you have established a new mortgage, car payment, or credit card, don’t go out and apply for another credit account too soon. Too many “inquiries” on your credit report will actually lower your credit score. Also, if you are looking to get or refinancea mortgage or a car loan, do not go out and apply for any other credit cards, as this will hurt your FICO score by the time the lenders run your credit.

Could your FICO score need some improvement? Here are 10 tips on how to raise your FICO score and thus improve your credit:how to meliorate your fico reason

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