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What is the highest credit score and how to reach it?

how to raise credit score

Your credit score ratings and credit history are important if you want to take out a loan. The highest credit score achievable is 850. This is determined by experian and is their highest credit score possible. While not everyone’s current score is considered what is a perfect credit score, there are steps we outline below showing you how to raise your credit score by 200.


obviously has an impact on their ability to buy a car, secure a loan, but did you know it can also impact a person’s career, or even their love life? Read below for tips on how to raise your credit score to improve your changes of obtaining a loan.

Your credit (or fico) score has wide-ranging impacts on your life and a bad credit score can get in the way you’re your ability to achieve all you want to do. That’s why it’s so important to make sure that you keep your credit score high. If your score has dipped to an unsightly number, however, there are clear ways to get it back on track.


Here are the simple steps you can take to raise your credit score and keep it high.

1. Keep your credit card balances low.

Obviously, your credit card payment history has a huge impact on your credit score, but that isn’t the only aspect of your credit card activity that you want to keep an eye on. One primary factor in decided your credit score is how much revolving credit you have compared to how much you’re using month-to-month.

The magic number is 30 percent or lower.


Senior policy counsel for Consumers Union, Pamela Banks encourages credit card users to “pay down your balances, and keep those balances low.” While paying off your monthly balance is of the utmost important, it is also wise to try and keep your monthly balance at less than 30 percent of your total credit.

2. Get rid of those pesky credit card balances

John Ulzheimer, a nationally recognized credit expert who formerly worked with FICO and Equifax has one great bit of advice: reduce your credit card balances and reduce the number of cards you use.

“A good way to improve your credit score is to eliminate nuisance balances,”he said of the small balances you have on a number of credit cards. The best way to do this is to gather up all of your cards, pay off the small balances on them, and then go forward using one or two go-to cards that you use for all your payments.

By doing that “you’re not polluting your credit report with a lot of balances,’ Ulzheimer says.

3. Don’t feel the need to hide old debt.

If you’ve struggled with debt in the past and have managed to pay your way out of it, don’t feel the need to remove the debt from your report. In fact, history of debt can actually be good for your score.

That’s not to say that negative items won’t hurt your credit score – they will, and most of them will disappear from your report after seven years. Still “arguing to get old accounts off your credit report just because they’re paid is a bad idea,” according to Ulzheimer.

Debt that you’ve handled well and paid as agreed is good debt and is good for your credit! The longer your history of good debt is, the better. Knowing this, it is now time to leave old debt on accounts in good standing as long as possible.

Trying to get rid of old good debt “is like making straight A’s in high school and trying to expunge the record 20 years later,” Ulzheimer says. “You never want that stuff to come off your history.”

4. Save the date

If you’re in the market for a new home, car, or a student loan, it is always smart to shop for rates within a short period of time. It might be unfair, but it is true that every time you apply for credit, it can cause a minor dip in your credit score that lasts the rest of the year or sometimes even more.

With mortgage, auto, and student loans, credit scoring formulas allow for the fact that you’ll likely make multiple applications but take out only one loan. However, there is a lot of wisdom in the advice to only apply for a loan that a) you think you’ll qualify for and b) one you are likely to want to proceed with once approved. Not many American’s know that the more times your credit file gets a hit on it the lower your credit score is, at least temporarily.

The FICO score will actually ignore such inquiries made in 30 days leading prior to scoring. However, if it finds some applications that are older than 30 days, it will count those as one inquiry. What is a perfect score is not that important – all thats necessary is the right score to get the loan you need.

5. Pay your bills on time.

This seems like a no-brainer, but being late on your bills can impact your chances at buying your dream car or house even if you have a bunch of money in savings.

One of the biggest factors of a good credit score is making your simple month-to-month payments on time.

“Credit scores are determined by what’s in your credit report,” says Linda Sherry, director of national priorities for Consumer Action. If you’re not paying your bills, or not paying your bills on time, it will damage your credit and hurt your credit score.

6. Don’t show signs of risk.

Often the best way to improve your credit score is to simply not do something that’s going to hurt it. Two of the biggest things that can have a negative impact on your score is missing payments and paying less – or charging more – than you normally do.

“You just don’t want to do anything would indicate risk,” Dave Jones, former president of the Association of Independent Consumer Credit Counseling Agencies warns.

In the event that you do make a big payment, try to pay it off as quickly as possible to show that you are being responsible with the money you spend and the money you make.

7. Don’t obsess achieving what is a perfect credit score

While it’s definitely smart to keep a close eye on your credit score when you know you’re going to soon need to use, but before then, it’s important just to follow the simple guidelines that help build good credit to get close to a perfect credit score of 850.

When you are preparing to make a big payment or investment, take a look at your score a few months ahead of time. While the score you get through your bank may not be the exact same score that your lender will use, it will give you a good indication of how well you are managing your overall credit. It will also help by providing specific ways for you to improve your credit score.


Another smart way to regulate your overall credit without obsessing about your score is to regularly check your credit reports. You can get one of each of your three credit bureau reports – Equifax, Experian, and TransUnion – for free every 12 months at AnnualCreditReport.com. Its best to do one every four months so that you can monitor your credit for free.

Now that you’ve got all the facts on how to get your credit score high and keep it high, all that’s left is for you to be smart and responsible, and reap the benefits when you need to!


How to raise credit score by 200

To raise credit score by 200, its achievable. If you have less than perfect credit and wanting to know how to raise your FICO score by 100 or 200 or more.

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