What Can Affect My Score?
Your FICO score is a "snapshot" of your credit
history at a given point in time, and can change based on
the factors that make up your credit score.
- Late Payments - Pay your bills
on time and if you have missed a payment, get current.
- Credit History- When you payoff a debt or collection,
or close an account, the credit reference still remains
on your credit report for a minimum of seven years.
- High Balances - Keep outstanding balances low
on credit cards and other "revolving" accounts
- New Credit - If you have been managing credit
for a short time, don't open
a lot of new accounts.
