Boost Your FICO Score

Long ago, all that was needed for show your credit worthiness was a simple hand shake. Today, we are just a number and your FICO number is what determines your worthiness. Lenders use this number as a way to determine the amount they will lend you and what the interest rate will be on the loan. So it if good to know that keeping this score high will save you money in the long run.
It is not hard to improve your FICO score but it can take time. You begin by getting a copy of your credit report. If you are young, maybe you have always paid cash for things and have never had a loan and this would leave you with no credit history. Because of this your score will be low.
To raise your score, you will need to obtain a loan and pay it off on time. Credit cards will not as quickly raise your score as a loan with installments will. If you have good credit already, then you just keep it in good standing. Don’t close out old accounts as they are part of your score and ending them will lower your score. You can also look into paying your credit card payment at different time of month because at the time it is reported, it might look like you carry a balance on it all the time.