How to Raise Your FICO Score

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Raise your FICO score by paying bills on time, lowering debt-to-credit ratios and keeping a steady job. Notice an improvement in credit scores after fixing problems within two and six months with insight from a registered financial consultant in this free video on credit scores.

Part of the Video Series: Personal Finances & Money Management
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Video Transcript

This is financial adviser Patrick Munro talking about how to raise your FICO score. The Fair Issac Score or FICO score, is the most well used terminology that's out there. FICO score is really a tri-merge of three different credit bureaus, the Experian credit bureau, the EquiFax credit bureau and the TransUnion credit bureau. When an individual is looking at these various bureaus, there are factors that are involved such as how often do you pay your bills, do you pay them on time, how much of your credit cards are being used at any given time, hopefully not more then a third, is your job steady and things of that nature. These are called benchmarks. So if you identify problem areas, address them and then wait and continue good behavior and you will see the credit scores go up remarkably over a period normally of 45 days to 6 months. This is Patrick Munro talking about techniques to raise your FICO score.


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