How to Improve Your Credit Score in 5 Simple Steps



Having a good credit score is like having the world's best coupon book for all of life's major financial transactions. Not only will it open doors for you to qualify for things like mortgages, auto loans, private student loans and credit cards, but the better your credit score is, the better the "deal" you'll get - and that all translates to more money in your pocket. Here are five ways to improve your credit score so you access the best deals on life's largest purchases.


Credit card debt is getting extremely common nowadays, with people unable to pay their bills because of low income, unemployment or simply not being able to cope with all the interest that tends to pile up. But luckily, there are ways that you can reduce your credit card debt legally, so that you won't have to worry about bills for the next decade.


It seems every article or report that you read about personal finances always mentions something called a FICO score and how important it is when you try to do anything that involves credit... especially when buying a car or a new home. But what exactly is a FICO score... and how was it developed?