December 1st, 2009 
James Strathman Are you interested in improving your overall FICO credit score? Well, it isn’t something that can be accomplished overnight. The best advice I have for you is to make sure that you manage your credit responsibly over a period of time. I am going to review a few ways that will help you improve your credit score and possibly save you some money.
First and foremost, always attempt to pay all of your bills before the due date. Delinquent payments and collections can have a major negative impact on your FICO score. It is quite simple actually; if you have missed any payments get current and stay current! The longer you pay your bills on time, the better your credit score will be.
If you find that you are having issues making ends meet each month, then I highly suggest that you first contact your creditors to let them know what is going on and make an appointment to visit a credit counselor. These professionals are available to assist people in getting back on top of their finances. Of course, this alone will not improve your credit score overnight, but it will improve over a period of time.
Another important thing to remember is to make sure that you keep the balances low on credit cards and other ‘revolving credit’ accounts. Only borrow the amount of money that you need! You can effectively improve your credit score by paying down the amount of ‘revolving credit’ that you have opened. This can be accomplished by creating a monthly budget so that you can account for any payments that have to be made.
It is very important to avoid opening several credit accounts too rapidly! New credit accounts can lower your average account age, which in turn will have a larger effect on your credit score. This is especially true for people who do not have an established credit history. Many creditors consider several newly opened credit accounts to be ‘risky’.
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