Your credit score is something that follows you no matter where you go. It is one of those things that you just have to get right the first time or you will be trying to fix it for years to come. There is no quick fix for a low FICA credit score. Anyone who promises you a quick fix to a low FICA credit score is mistaken and not being totally honest with you. The only way to keep your FICA credit score high is to follow a few simple rules. If you have found that your FICA credit score is lower than you would like and it is making things difficult for you, you need to get it corrected and avoid problems in the future.
In order to improve your credit score you are going to need to do a few things. The first thing that you are going to need to do is make sure that you pay all of your bills on time. Each and every credit card bill you have needs to be paid on time all of the time. Even one late payment can take up to nine months to come off of your credit report. Once you are able to make all of your payments on time you need to start to try to make a payment a little more than your minimum payment. Even five dollars can make a difference.
The next thing that you are going to have to do is to clear up anything that is in collections. Even though you might have paid something that is in collections it still stays on your credit report for up to seven years. You are going to have to request a letter of satisfaction to bring with you if you are applying for a loan. They need to see that the issue with the collection agency is in fact satisfied.
Another thing that is important to do is to pay off debt not just move it around from one credit card to another. Many people move their debt around from one 0% credit card to another once that deal is up. This really does not help your credit score; it just really makes it look like you are playing a game. Creditors are aware of this movement and it can affect you negatively. If you want to increase your credit score, the best thing you can do is not to use more credit and continue to pay off your tenant loans and what you have accumulated.