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3 Ways to Improve Your FICO Score in 2023
Your most important credit score
Your FICO Score is a credit score used by 90% of the top United States lending institutions to determine your creditworthiness for products such as mortgages, auto loans, and personal loans. Moving into 2023, it is important to be of the ways you can improve your FICO Score to ensure you can qualify for a lower interest rate for the loan products you want. The following are three ways to improve your FICO Score in 2023:
1. Review Your Free Credit Report
2. Pay Your Full Statement Balances on Time
3. Keep Your Balances Low
1. Review Your Free Credit Report
To review your free credit report, you can navigate to Experian, one of the three major credit bureaus. Once you create your account, you will have free access to your credit report and FICO Score based on Experian data. From there, make sure everything looks fine such as your name, address, employer, open credit cards, open loans, and inquiries. If there is anything you wish to dispute on your credit report that may be negatively affecting your FICO Score, Experian provides an Online Dispute Center. Experian also provides free historic credit reports and FICO Scores from Equifax and TransUnion. For more up-to-date data from the two other…
