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5 Steps to Improve Your FICO Score

By
Real Estate Agent with John Roberts Realty

5 Steps to Improve Your FICO Score

Using your FICO score, lenders can quickly evaluate your creditworthiness, or your ability to repay a loan, when deciding whether or not to extend a mortgage loan or credit card to you. Having a high credit score comes with multiple benefits and you want yours to be as high as possible. Here are 5 steps to help you improve your FICO credit score:

1. Pay Your Bills on Time

2. Pay Your Balance in Full

3. Keep Your Balances Low

4. Make a Budget—and Stick to It

5. Open Credit Only When You Need It

I love real estate there is no greater feeling than seeing my customer's happy!!!

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Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

It’s a great post. Thank you for sharing!

 

Have a super fantastic week!

Joe Jackson, Realtor-KWCP

Feb 09, 2024 09:54 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Pat,

I like your post on educating buyers with your 5 steps to help you improve your FICO credit score! Well done!

Feb 09, 2024 10:41 AM
Roy Kelley
Retired - Gaithersburg, MD

This is very good information to share with prospective mortgage borrowers.

Feb 10, 2024 10:39 AM
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

I just covered this last night ( lol) with my Pre-Licensing Class I’m teaching. Also Check out Trade Lines accounts ( Both Fannie & Fredi recognize them)

Feb 16, 2024 07:34 AM
Joyce M. Marsh
Luxury Home Couture - Daytona Beach, FL
Joyce Marsh Homes & Design

Maintaining a good FICO score is necessary if you want the best rates all around. Good advice for buyers.

Feb 27, 2024 03:01 PM