How To Increase Your Credit Score In 2022 – FAST



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How To Increase Your Credit Score In 2022 – FAST

Hello, and welcome back! Today we will talk about 7 ways to increase your credit score.

There are a lot of strategies on how to improve your credit score – and we’ll get to those in a moment – but nothing will raise your credit score faster or more effective than paying bills on time and using your credit cards wisely.

Americans obviously are paying more attention. In April of 2021, the average FICO score hit a record high of 716, a 10-point increase from 2019. That has put millions of consumers in a better position to get low-interest, so affordable credit opportunities.

Credit Score 5 factors:
1. 35% – payment history
2. 30% – credit utilization
3. 15% – length of credit history
4. 10% – credit mix
5. 10% – hard inquiry

Solutions:
1. Review Your Credit Report
2. Set Up Payment Reminders
3. Don’t Close Unused Credit Card Accounts
4. Pay More Than Once in a Billing Cycle
5. Contact Your Creditors
6. Don’t Apply For New Credit Very Often
7. Pay Down “Maxed Out” Cards First

Please comment down below if you found this video helpful!

I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You, and only you, are responsible for the financial decisions that you make.

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7 Responses

  1. Ed Ramon says:

    How do I raise my mortgage credit score ? Paying myFICO 43$ monthly to track but there’s a mortgage score too – how can I raise that ?

  2. Diego Slinger says:

    Акцент огнь!

  3. Dauseana Doingme says:

    Thank you for taking time out of your busy life to male this informative video

  4. sandeep lovanshi says:

    I had a KCC loan which I could not deposit it for 3 years, filled it in October 2020, I have NOC also I have 900 days DBT in CIBIL report I am from India any solution please

  5. SOLUTIONx {Fixxhackxspy at gmail . c o m} says:

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  6. SOLUTIONx {Fixxhackxspy at gmail . c o m} says:

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  7. Lovely Angel says:

    Your number ma'am?

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