What can you do to increase your FICO score, if you pay off your credit cards in full each month? Well, first off you are off to a great start by attacking one of the biggest FICO score pie wedges – payment history. Now you can work on keeping your balances low. Here’s how. There are two keys dates for your credit cards, the closing dates and the due dates. By making payments twice per month or even once per week, you will reduce the balance reported to the credit reporting agencies. This will lower your C.U.R or credit utilization rate and that will lead to a higher FICO credit score.

Once you’ve worked on the two biggest wedges – payment history (a given) and balances, start to work on the other pieces. Check out Lesson #2 if you need a refresher on the Credit Score Factors Pie

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Tips for Full Credit Card Balance Payers – Episode #57