How to maintain or improve your FICO Score

Question: What is Fico score?

Answer: Devised by Fair Isaac & Co (based in San Rafael, California) the score, ranging from a low in the 300’s to a high above 800- represents a statistical evaluation of a borrower’s risk of future default. A FICO score is produced by running a consumer’s raw credit bureau data through computer software marketed by fair Isaacs. The higher the score the better! Good credit is 620 or more. To Maintain, or improve a score keep in mind these three rules:

1) Don’t come close to “maxing out” your credit cards.
2) Pay everything on time.
3) Dispute any “derogatory” information in your credit history.


Remember there is no “quick fix” to repairing credit. The most rapid improvements in a credit score, however, can come when erroneous data sitting in your file is eliminated.