How can I improve my FICO score for free?

Monday, February 1, 2010

One of the most important steps that can be taken from you the financial situation is to be aware of your FICO score and to have an exact number of credit rating. There are many factors that are easy on your guests, and can cause a bad impression your FICO score. Some errors can not be done manually. You should always have a clear idea of your credit report and score, so you can make any unusual changes in your score.

On the basis of their financial activities of current and past credit report and FICO score is calculated. In this series of payments and balances of loans, credit cards, car rental, bills and other loans are included. If you have made your payments on time can have a good FICO score and credit report.

In general, the FICO score is between 300-850

A person who Scoring-700-850 is considered excellent, with a> Credit

A person who Scoring-680-699 is considered a good credit

A person who Scoring-620-679 an average credit

A person with a rate of 500-580 as a low credit

A person who Scoring-300-499 is considered bad credit

If you know where FICO scores are the type of loan is obtained and the rate of interest is calculated can afford. CanMoney and improve your credit score, if you educate yourself with your own financial situation.

There is also a major concern, the FICO score and credit report to determine how it can be very useful for you.

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