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Here are some tips on how you can imrove your credit rating by increasing  your FICO / Beacon score:

  • Pay your bills on time: Late and Delinquent payments  have a negative impact on your score.
  • Stay current on payments: The more consistently you pay your bills on time, the better your score will be.
  • Closing accounts with missed payments or those that have had collections does not increase your score.  Your  FICO / Beacon score keeps and considers your past credit history.
  • If you have financial problems , contact your creditors or see a credit counselor and follow their advice
  • Closing credit cards will not  increase your score: Having available credit that you don’t use doesn’t increase your score.
  • Try to Re-establish your credit history if your have had problems. Secured credit cards are a quick way to reestablish a good credit.
  • Have credit cards but manage them responsibly.

 





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