What is the fastest way to improve my credit score?
Most people know that paying their bills on time is important if you want a good credit score. But paying your bills on time is not always enough to ensure a strong credit score. The median FICO credit score is 723. But FICO scores above 760 are ideal for getting the best credit offers. If you have reviewed your credit and your FICO scores and find yours is lower than you’d like, here are the fastest three ways to help improve your score. 1. Pay down credit cards that are closest to their credit limits. If you are using more than 30% of your available credit on any individual credit card, your score will likely be brought down by that balance. Try to pay down cards that are getting close to their limits as quickly as you can. After you do pay off a credit card, don’t close the account, unless there is an annual fee the issuer won’t waive. 2. Dispute mistakes that may be dragging down your scores. Many credit reports contain errors. When you dispute them, keep your letter short and to t