During the day, “humans” were the ones who decided someone’s credit worthiness. The things you needed was a handshake. But times have changed, and today one number (your FICO credit score) determines whether you will receive a loan or not.

75 % of the financial institutions make use of the FICO credit scoring method. It’s developed by the Fair Isaac Company. You are able to go to Myfico.com, and get your credit reports and scores from all three major CuraDebt (recent www.heraldnet.com blog post) credit bureaus. They are Experian, Equifax, and TransUnion.

Your FICO score will determine how much credit your recognized for and at what interest rate. So monitoring the credit score of yours is able to help

it can save you on interest when applying for loans.

Improving your credit score, or maintaining it doesn’t need to be tough. It will just take some time to implement several of the steps.

Here are 3 strategies to maintain or boost your credit score.

Strategy One: Establish a Credit History

There may be different reasons you don’t have a credit history. Maybe you are fresh out of high school. You could only use cash, and never needed a loan. Most likely, if you have no credit history, your FICO score will be low.

• 08/09/2021
• un messaggio di: Amore
• Da: lesi245757374604