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If you charge no more than $300 per month to your credit card and pay it off in full each month, then your credit utilization ratio will be at or below 30 percent. ... you may increase your credit ...
Event. Average credit score recovery time. Bankruptcy. 6+ years. Home foreclosure. 3 years. Missed/defaulted payment. 18 months. Late mortgage payment (30 to 90 days)
2. Know How Your Credit Score Is Calculated. Once you have your score, know what that number means so you can take the steps to raise it. "Your payment history accounts for about 35 percent of ...
Another part of your FICO score is your credit history, which can account for 15% of your score. So if you’ve had those accounts for a long time, it’s doubly important to keep them open.
FICO Credit Score Ranges . Excellent/Exceptional. 800-850. Very good. 740-799. Good. 670-739. Fair. 580-669. Very poor. 300-579
If you are trying to improve your credit score from 650, which is considered fair credit, to 700, which is considered good credit, you have to analyze your credit mix and other factors that affect ...
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