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Articles tagged with: Credit Score

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[24 May 2019 | One Comment | 6,872 views]
Paying off a Collection can Drop Your FICO Score by 35 Points

So you have some extra money in your pocket and you’ve decided to pay off one of your credit card collections early. You know that credit scores are extremely important so your goal is to pay off the collection that will yield the most credit score improvement — the “FICO ROI” (return on investment).

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[21 May 2019 | One Comment | 17,665 views]
The Secret Credit Scores Lenders Use

Credit Scoring is a mathematical formula that generates your bill payment history and general financial habits into a tidy package used by lenders to help decide how worthy you are of a loan and how much it will cost.

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[20 May 2019 | One Comment | 3,186 views]
Open new Credit Accounts With High Limits to Raise Your FICO Credit Score

Get a credit card with a high limit, keep the balance low and use the credit card to establish a credit history or boost a low credit score. Remember — the more available credit on a credit card, the better.

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[13 May 2019 | 2 Comments | 4,573 views]
Your FICO Score Could Lose 50 Points by not Following This Credit Card Strategy

Borrowing money today requires impressing an increasingly hard-to-please crowd. With creditors of all kinds more cautious than ever, you need an A+ application to land the best terms — and that means an A+ credit score, the number lenders use to judge your risk of default.

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[12 May 2019 | One Comment | 3,439 views]
Have at Least Three Open Accounts to Raise Your FICO Credit Score

Having more than one credit account can boost your credit score. If possible, strive for at least three good accounts.