Top Ten Steps to a Higher FICO Score

Top Ten Steps to a Higher FICO Score

Top Ten Steps to a Higher FICO Score

The Wall Street Journal at 1701 Page Mill Road in Palo Alto, California. (Photo credit: Wikipedia)

Let’s get back to basics and review the top ten steps to a higher FICO score.  Everyone seems to love top 10 lists so who am I to buck the trend? These are the top ten steps to a higher FICO score. These steps will lead your credit score to the next level.  Make these top ten steps to a higher FICO score immediately.  Then do some further study.

Let’s Get Started…

  1. Obtain and review your reports for free at  You are entitled to one free report per year.
  2. Comb through the reports for mistakes.  Mistakes are common and, when pointed out, will be corrected immediately.
  3. Make sure your good information is being reported.  Your credit card companies  should be reporting your timely payments every month.  If they are not, call customer service.  how you handle your current responsibilities is the biggest single factor in your score.
  4. Do not close inactive accounts.  If you do you will not lower the average age of your accounts, contrary to popular reporting, but you will lower your debt to available credit ratio.  These  factors are very important to your score.  I recently corrected the Wall Street Journal on this point and received a thank you note in response.  Use credit cards for small purchases like a tank of gas or pizza.  Always pay at least the minimum by the due date.
  5. Negotiate with legitimate debtors that appear on your credit report for what is called a “pay for deletion” before paying.  Offer less than the full amount at first in exchange for a promise in writing to delete the entry.  They can delete and almost always will.  Simply having it marked “paid” helps but still indicates that you once had a problem.
  6. Make sure you have at least 3 lines of credit.  Computers get bored if they don’t have enough to read.
  7. If you don’t have some form of installment loan, take one out when you can afford it.  The different kinds of credit you have proved you can handle is an important component of your score.
  8. Do not open new accounts you don’t need.  You will lower the average age of your accounts by doing this as well as adding Inquiries.
  9. Don’t worry about your age, employment history, race or politics.  No matter what you may have heard these factors don’t count.
  10. Do pay your bills as they come due.  Nothing affects your score as much as a recent late payment history.

Make a Commitment to Learn

One of the reasons I write about this subject is because I find it so interesting.  There always seems to be something new to learn.  Don’t miss a trick.  Spend some time reading my Essays of course.  Follow credit repair related subjects when they are in the news. These top ten steps to a higher FICO score are only the beginning. It won’t be long before you gain an expertise in credit scoring matters that will always serve you well.

Work the Low Hanging Fruit First

Correct the mistakes.  Ask for a good will deletion where appropriate.  Pay debt on time!

No one credit bureau is more important than another because you don’t know which one will be used.  Most banks merge all 3 for mortgages called a “trimerged” report.
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After practicing law for 37 years Edward F. St. Onge, Sr. now devotes all his time to helping consumers achieve a high credit score with amazing speed. Learn the counter-intuitive secrets to credit scoring through his down to earth instructions backed by extensive knowledge of the laws and trends. All of the latest tricks and techniques that they don't want you to know now at your disposal. At last a level playing field for the consumer!

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