5 Ways to Raise Your Credit Score 100 Points or More

5 Ways to Raise Your Credit Score 100 Points or More

The average American has a FICO credit score of 700, but in order to qualify for the lowest interest rates on loans as well as the best credit card offers, you'll need a score that's significantly higher. If you have an average or below-average credit score, here are five suggestions that could help you improve your credit score by 100 points or more and have access to the best possible offers from lenders.

The vast majority of lenders use the FICO credit scoring model when deciding whether or not to approve you for a loan or new line of credit. So, the first step toward improving your credit is understanding where your score comes from.

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Source: Fool.com