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3 Tips to Help Improve Your FICO Score in 2021
Boosting an important factor that determines your creditworthiness
According to Experian, as of data collected from October 2020, the average FICO Score in the U.S. rose to 711. That is an 8 point increase from 2019, and it the most significant spike since 2016.
Why does your FICO Score matter? It matters because it is used in over 90% of U.S. lending decisions. If you have not had the chance, check out my article, A Quick Breakdown of the 5 Categories of Your FICO Score.
With that being said, I want you to know that you can be on the path of seeing increases in your FICO Score. The 3 tips to help improve your FICO Score in 2021 are:
1. Pay Your Full Statement Balance on Time
2. Pay down Debt Consistently
3. Use a Credit Boost Service
Note: I am not a credit professional. I do not know your credit situation. I am only sharing this information for educational purposes.
1. Pay Your Full Statement Balance on Time
Every single month, you should be paying your full statement balance on time. You should have it automated. When it comes to using a credit card, you should…
