If you are currently suffering from bad credit than the time has come to learn how to raise your FICO score in order to help slowly reclaim your good credit standing. Raising your FICO score is a lot like trying to lose weight, it takes patience and time, this is not something that one action can change over night but your efforts will be more than worth it when you begin getting those pre-approved loan letters again. Your credit score is something that each and every lender you visit will look at in order to decide if you get your mortgage or car loan and a bad score can inhibit these actions throughout your life if you do not take action to correct and improve this score.

The best way to improve your FICO score is over time with sound financial management and credit usage. With so many people hoping for a quick fix when it comes to their low credit score, this can sound like a lifetime of work in order to regain a good score, but instead it only takes a few years in order to get back on your feet but you will find the efforts you make along the way will greatly help you understand how to manage your money in a more responsible manner and this in turn can help you maintain your good credit score once you get it back.

Being aware and honest with yourself about your financial situation is by far the most important step. So many people pretend and ignore their financial problems until it is too late and then there may be no way out for them at this point. You want to pay off your bills on time, budget your money so you know you w ill always have enough to pay each bill every month and if you are behind in payments, do everything you can to get caught up again. These are the steps that require a great deal of budgeting and organization in order to see success. Writing down each of your payments and making accurate calculation is a beneficial step to take so you can see just how much money you have left and understand that the best thing do with it is pay off credit card debt or mortgage payments. When you are trying to boost your FICO score, there is never extra money for frivolous shopping sprees.

Increasing the available credit on any one of the credit cards is a great way to boost your FICO score if you do not take advantage of this limit. It is only there to add more credit to your name and therefore create a higher credit score. You want to keep your credit card balances low and never allow your spending to max out the card. Your FICO score can be very sensitive and although using different forms of credit can be good for your credit it is much easier to use this credit in an irresponsible manner than to use it to boost your credit.

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