To improve your long-term credit score, change your credit profile. Pay your bills conscientiously; close excessive accounts; reduce the amount of your outstanding balances—but total payoffs of all accounts may hurt because you want to maintain an active credit experience—and resolve disputes, liens, judgments, and write-offs. No one can quickly overcome the stains that soil a credit report when they lawfully belong there. Just clean them up as best you can. At the same time, manage your credit as if the FICO folks were looking over your shoulder—because they are.
Was this article helpful?
There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.