
|Articles|September 16, 2008
- March31 2003
- Volume 10
- Issue 6
BOOSTING FICO
Author(s)Michael Sheehan
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As you might expect, payingyour bills on time has a huge effecton your overall FICO score, whichlenders use to determine whetheryou're a good credit risk. The morelate payments you have and the laterthey are (eg, 90 days vs 60 days),the lower your score will be. Howmuch you owe will also affect yourscore, along with the length of yourcredit history—the longer, the better.Avoid opening unnecessarycharge or credit accounts—eachone lowers your score and stays onyour record for 10 years, even if youclose them or they become inactive.
Articles in this issue
about 18 years ago
WAR AND WALL STREETabout 18 years ago
THE 529 FACTSabout 18 years ago
A WILL THAT WORKSabout 18 years ago
WALL STREET WOESabout 18 years ago
FINANCIAL PLANNING KEYabout 18 years ago
MIXED SIGNALSabout 18 years ago
PAPERWORK REDUCTIONabout 18 years ago
SHRINKING GIFTSabout 18 years ago
Medicare Cuts Deniedabout 18 years ago
DID YOU KNOW…Advertisement
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