whats a good way tp raise a fico credit score from 725 to 750?
just looking for the best answer possible with the least amount of resistance.
- DustinLv 48 years agoFavorite Answer
Bring down reported credit utilization to below 5%. Even if you are paying your cards in full each month, they may be reporting high utilization. The simplest way to do this is to pay your credit cards weekly rather than monthly.
If you have several accounts in good standing, you could close your newest account. This will bring up your average age of accounts.
Do not apply for any new credit, this will bring down your score. One option is to raise you credit limits, this will bring your utilization number down as well. Only do this if the creditor is willing to do a soft pull rather than a hard pull. An inquiry will bring down your score.
Just to reiterate. Utilization is the easiest thing to change in terms of credit. Your score will change month to month based on credit card balances reported to credit bureaus even if you pay in full each month. I have found between 1-5% to be the ideal utilization. So if you have $20,000 in total credit lines. You can have a balance of $200-$1000 reported to have a better credit score.
- bdancer222Lv 78 years ago
Longer good payment credit history. There really is not shortcut or quick way to increase your score.
If you are carrying balances of more than 30% off your limit on credit cards, pay offf the cards and that gives a score boost. Anything else takes years to increase your score.Source(s): BD
- Silly GooseLv 78 years ago
Do you have any credit cards?
Make sure you pay them in full each month.
Carrying balances is the easiest way to destroy credit.
Know that making new loans or opening new cards will reduce your credit score.
- ?Lv 78 years ago
Pay all loans and credit card debt early. It will take at least 2 yrs for improvement. Pay all debt in full and you increase score quicker
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- Anonymous8 years ago
lower your balances the best you can to start. 725 is not an awful score.