If you know you have a low FICO score, don’t sweat it. Just follow the steps below. Yes, it’s easier said than done, but a few financial tweaks will result in an increase of your score in a matter of months!
Step 1: Pay your bills on time! It’s that simple: never be late. If you can’t remember to pay your bills on time, set up reminders through your e-mail or phone.
Step 2: This one’s easier said than done. Pay off your credit card balance in full each month. Never make just the minimum payment. Pay the entire balance or as close as you can get to it. The idea is to owe nothing, not something!
Step 3: Spend within your means. If you only use your credit card for small purchases, you’re bound to stay out of debt. Having a low credit card bill—a $50 bill instead of a $300 bill—makes it easier to pay off the balance in full each month.
Step 4: Don’t close down your credit card accounts—you’ll eliminate vital credit history. If you no longer wish to use a card, simply cut it up.
Do all this and you’re golden!
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