How To Increase Your Credit Score In 2025

How to boost your FICO credit score: the FIVE main areas with TIPS and bonuses. Get lower rates and qualify for more advantages! Here's how. Enjoy! 🔥 Personal Finance Course & Investing Programs (Soon) https://profmichaelcurran.com🚨 Use Coupon Code🤠MICHAEL🤠🚨🔥These are educational courses; past performance does not guarantee future results.

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How can you quickly boost your credit score? Would you like to raise your credit score? With better credit, you can lower the rate at which you borrow on loans. You can take advantage of some of the best travel credit cards and use points from these cards for discounts when traveling.

But it all starts with building your credit. In this video, I'll discuss the 5 main targets 90% of lenders use - FICO as a measure of creditworthiness - and how you can improve each of these 5 targets so your score rises super fast.

1) Payment History counts 35% towards your score. Pay on time!

2) Amounts Owed counts 30% towards your score. It's OK to owe some amount, but not too much. Credit utilization rate is the ratio of credit you use to the credit you have available. You'll want to use your cards to keep them active (they may get cancelled if you fail to use them for long enough) so you can show you have credit available - cancelling your credit cards increases your credit utilization rate, which his bad. Put a small expense on them each month if possible. Maybe breath mints! The more accounts you have with balances is bad, though, so try to pay off most of the cards as you go: treat them like debit cards.

3) Length of Credit History counts 15% towards your score. Don't close your oldest account. Also, don't suddenly use a card for a big expense; instead, use them occasionally and gradually.

4) Credit Mix counts 10% towards your score. Lenders like to see you can juggle a variety of types of loans: flexible revolving (e.g., credit cards with minimum balances or HELOCs with interest only for a period) and fixed installment (e.g., auto / mortgage / student) lines of credit. But avoid making too many hard inquiries as they tank your score. Inquiries last for 1 year on FICO and 2 years on your credit report.

5) New Credit counts 10% towards your score. Don't take on too much too quick. Shop for rates within 45 days and your FICO will drop only once.

Bonus tricks to raise your score? See the video for more!

00:00 Intro
01:02 Payment History 35%
01:38 Amounts Owed 30%
03:28 Length of Credit History 15%
05:09 Credit Mix 10%
07:08 New Credit 10%
08:18 Bonus Hacks

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