FREE Report Reveals 5 Secrets to Boost Your FICO Score
Are you hurt by a low FICO score? There is no doubt that the FICO score is an important component of your credit history. A low FICO score hurts your prospects in terms of securing credit. From approval for a credit card to securing a home loan, you will find lenders being strict with you if you have a low FICO score. So, what can you do in such a situation? First thing you need to do is relax. Just because your credit score is poor doesn’t mean it is the end of the world. There are ways you can boost credit score and perform credit repair, that too without requiring the services of a professional? Sounds good, doesn’t it? So, how do you go about boosting your FICO score?
A report recently revealed the top 5 secrets you can use to boost your FICO score and improve your credit history:
1.
Remove Credit Inquiries
The first secret is to get rid of credit inquiries. You have to face a credit inquiry every time you apply for a new line of credit. Having multiple credit inquiries on your credit report will hurt your FICO score. So, removing them will boost credit score.
2.
Reduce Outstanding Debt
Secondly, you have to reduce the debt you owe on the lines of credit you use. For instance, if you have a credit card that gives you a credit limit of 50%, it doesn’t mean that you max it out. The best approach is to keep it close to 10%.
3.
Live Within Your Means
This is the most obvious secret to boosting your FICO score but one that is often taken for granted. You have to learn to live within your means. This means you shouldn’t spend more money than you make. Only this way will you be able to control your borrowing and keep debts under control.
4.
Keep an Eye on Your Credit Report
Get a copy of your credit report on a regular basis and inspect it for any errors. Sometimes mistakes made by your bank or credit card company can lead to your credit score worsening. This is something you need to rectify as soon as possible. Point out any discrepancies you find in your credit report to the relevant agency. This is a crucial step for credit repair.
5.
Hire a Credit Repair Company
Instead of having to take all the aforementioned steps on your own, hire a credit repair company and they will do it for you. They will ensure the negative items on your credit report are offset by positive reporting while also removing credit inquiries. This will boost your FICO score considerably. These are the 5 secrets revealed in the FREE report by which you can boost your FICO score. Doing so would make obtaining credit easier for you.