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A FICO Score of 750 is the New 650 - What to Do About It
By Jim DeSantis


Today's FICO credit scoring reflects a new era of very nervous lenders. In 2008, a FICO credit score of 650 was a a pass key to favorable financing rates to buy a car, purchase a house or get a low-interest credit card. Not any more.

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Subject: A FICO Score of 750 is the New 650 - What to Do About It

That's a fact; paying your credit card or other debt payments ahead of the due date will play a significant part in your credit score. Bad credit to good or better is where you're headed with this tactic.

Comment provided October 29, 2009 at 12:39 am
2
Jim DeSantis writes:

Subject: A FICO Score of 750 is the New 650 - What to Do About It

You got it, L.J.!

Most people are "Paid as agreed" because they wait until the very last minute to pay bills. By paying ahead, or when the bill comes, one can enhance their history in the eyes of potential lenders.

Now, if we can only teach this to our politicians! Jim

Comment provided November 2, 2009 at 1:07 pm

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