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Increasing your FICO score can can lower your interest rate on your Mortgage, bank and car loans, and also can improve or cut your insurance premiums!  How do I increase my FICO score you ask? It is easier than you think!  Here’s how to do it…

Boost your credit score and save thousands!

First-pay all your bills on time!  Then-just as important as doing that, is to keep your credit card balances below 30% of your limit. 

Next-you need to order a copy of your credit report and review it for any and all mistakes, and get them corrected.  A recent survey found that 80% of credit reports have mistakes!  Build a track record, and you are on your way to saving thousands and thousands of dollars.

You can order your credit report for FREE, once a year, from each agency-which is the key-there are 3 credit reporting agencies-all VERY independent from one another-and you must deal with each of them, separately.  You will see just how different they are-when you compare how each agency has your credit reported.  Go to: WWW.ANNUALCREDITREPORT.COM  or call 1-877-322-8228 or write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, Ga. 30348-5281 to get a FREE copy.  

I found 13 errors on my report when I did this-and increased my own credit score by 68 points-right away!  You can also ask the agencies to remove a single late payment off your report-if you otherwise have a pristine record.  They often will.  Bet you didn’t know that!  It never hurts to ask.  

Having a score above 700 will get you the best rates.  You can also find out your score quickly-at a cost of $14.95 by going to HTTP://WWW.MYFICO.COM .

When applying for credit-make sure the person inputs your name with the correct spelling-having too many “alias’s” also affects your score-something that isn’t even your fault-yet, nothing you can do about it-once someone inputs your name with social security number-it is permanent record.  So irritating when I was shopping for a car to see-all 3 companies had input my name WRONG, and differently-I have the double hyphenated name-one didn’t capitalize the second part, one didn’t use the hyphen…and one just got it all wrong, typing it in backwards…so I literally have a “list” of Alias’s, perse’-which I was told affects my score by as much as 20 points.

Good credit has many rewards-the difference between  a credit score of 620-674 VS. 700-719 can be more than $400. in the amount of your interest payment each month-if figuring the rate based on a $200,000 mortgage-at today’s rates-for a 30-yer fixed rate loan-which over the life of the loan-is a savings of more than $80,000.

 

TOO many examples to give to make the point…I think you get it!

Don’t wait! Do it today! Take action!    …and start saving THOUSANDS!!!