![]() ![]() Check in with each of your credit card issuers and other lenders to make sure you don’t miss any due dates. If you want to raise your score in just six months, make sure you keep your accounts current - missed payments are step backwards. Overall, your payment history counts for 35% of your FICO score, so this is an important area to attack if you want improvement. He continues, “By the same token, the further you can put late payments in the past, the more your current payment record will stand out.” “The longer you can make payments on time, the higher your credit score will tend to go,” according to L.A.-based CPA Jeff Gonzalez. Unfortunately, this is the hardest to increase over a short time period - like six months. The most critical part of a good credit score is your payment history. ![]() Want the quick and easy takeaways? Jump to them. However, you can move your score in the right direction by improving your credit behavior across the FICO scoring categories. You won’t be able to predict the exact number of points you can increase your score by over a six-month period. Now, the exact methods behind FICO’s calculations aren’t exactly public knowledge, but they do publish the broad categories used for scoring - along with the percentage of importance for each category. While there are variations in the scores used by different credit reporting agencies, the industry-standard score is issued by FICO. So what exactly goes into your credit file? Let’s talk about it.Ĭredit scoring is a complex science that’s something of a secret to the general public. When it comes to personal finances, knowing your credit score is extremely important. ![]()
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