Credit - How and Why to Improve Your Score
Most of us understand the importance of a good credit score in our modern economy. A great deal of factors in our personal lives can be directly impacted by our credit scores – from the credit that we have access to for buying a car, to the homes that we are able to buy. The purpose of this article is to provide some basic tips to those who are either new in the credit game, or simply want to improve their existing credit scores. This can be simple enough to achieve, but might take a little effort and time. The purpose of this article is to simplify and expedite the process, so that you can earn the credit score that you need to make your financial dreams a reality. These simple strategies typically work very well and are easy to implement. Furthermore, taking steps to improve your credit can be done at little to no cost, and in a manner of months or weeks. To begin with, perhaps we should establish what a good credit score is. A persons credit score (most commonly referred to as a 'FICO' score) is a number determined by several factors and behaviors specific to that individual. The average American's score is about 700-705. A FICO score can, however, reach a possible low of 300, or a high of as much as 850.