Would you like to know how to legally manipulate the FICO score?
In this secret tip, I’ll be teaching you how to do just that!
The FICO score is nothing more, nothing less than a mathematical formula.
Knowing this formula is key to having an awesome credit score.
A FICO credit score can be as low as a 300 or as high as an 850.
That means that there are 550 points that can either be gained or lost when it comes to a credit score.
Let me tell you 3 things that can be done to legally manipulate those 550 points!
The first thing that can be done is to pay credit card balances by the statement closing date, which generally is around 14 days before the due date.
By doing this you will ensure that a lower balance is reported on the credit report every month which will greatly improve the utilization ratios that account for 30% of those 550 points that can be gained or lost.
The second thing that can be done is to become an authorized user on a family member’s credit card.
If the family member has had that credit card open for over 2 years, always made their payments on time, has a high credit limit with a low balance, it can positively impact up to 90% of the credit score!
This is by far one of the most helpful things that can be done to improve a credit score.
The third thing that can be done is to add as many positive accounts as you can to the credit report.
This will help ensure that there are more positive accounts than negative accounts on the report, which is one of the biggest factors of a credit score.
Here’s a bonus tip – make sure that accounts are ALWAYS paid on time.
I know this may sound silly and obvious, but I have seen 1 late payment drop someone’s credit score by over 100 points!
That’s crazy right?!
Paying accounts on time will positively impact 35% of the credit score helping a gain of up to 192 points.
If you’re interested in a FREE Credit Analysis to put a specific game plan in place to maximize your credit scores, click here:https://calendly.com/editmycredit/30min
