Requirements for a 750 Credit Score

The FICO score is named for the Fair Isaac Corporation, a California firm behind the development of the credit scoring system. By assigning a value to a person's credit history, lenders can have a fast and accurate way of predicting the risk involved in providing that individual a loan.

Pay on Time

Pay all of your bills on time. The largest negative effects to your FICO score are from delinquent payments.

Keep Debt Low

The FICO score takes into account how much available credit is actually in use. If you are near or at the credit limit on your credit cards, you will be considered a greater loan risk than someone who keeps their credit debt low. Try to maintain your credit card debt at less than 10 percent of available credit.

Old Credit Cards

Do not close out old credit card accounts, especially if you are not using them. Two positive effects to your FICO score are long-term available debt and a small debt-to-available-debt ratio. That old, unused credit card account works for you in both ways.

New Credit Cards

The more times you request a new credit card, the more negative dings to your FICO score. Decline that offer for a new store credit card that saves you 20 percent on only today's purchases.

References

• Bankrate: Credit Scores Explained
• Money Under 30: Good Credit Now Means a FICO Score of 750 to 770