Increase Your FICO Score

FICO credit scores run from 300 (high risk to lend to) to 850 (low risk to lend to), so the higher your score, the easier it will be for you to get loans with more favorable interest rates. To bump up your credit score you need a broad history of borrowing money and paying it back on time, over time. Lenders pay FICO to get your score, which is based on information from the three major credit reporting agencies: Equifax, Transunion, and Experian.

You can also buy your FICO score, to suss out how your … Continue Reading

A credit score is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus.

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring … Continue Reading

There are lots of methods to increase your FICO score.   Research is a great method to start with.  Understanding your current credit situation is an important first step.  Some choose to hire professionals to handle Credit Repair and Debt Management for them.  Trustworthy local businesses are known to give far greater personal service than some of the massive conglomerates you hear on the radio and TV.  One good resource here in Michigan is “Success Debt Relief” which is based in Howell.

Mike Fournier

Toll Free: (800) 411-4134
Michigan: (517) 540-9740

www.successdebtrelief.com