Feb 16
How to Boost Your Credit Score: A 90-Day Boost Strategy
Your credit report tells a tale about your debt. Learn how installment debt—such as mortgages, auto loans, and personal loans—and revolving debt—such as credit cards—have different effects on your FICO score in this video. We dissect credit utilization, payment history, credit mix, and the reasons why installment loans foster long-term dependability while revolving balances quickly raise your score. Along with learning when to pay off credit cards before statement closure, when debt consolidation makes sense, and why paying off an installment loan can result in a slight temporary drop in credit score, you will also discover a useful 90-day credit increase plan.
