Changes to how your FICO credit score are coming, and if you don't understand them you could be left with a decreased credit score. In this video we explain how your credit score is calculated, and some unconventional ways you probably haven't heard of to increase it.
In this episode:
What goes into your FICO score [2:00]
Reasons why your credit score might go down [4:00]
Why are they changing the FICO scoring? [6:30]
What is trending data? [7:30]
Transactor vs revolver [11:30]
How delinquent payments hurt you [13:00]
How credit card debt works [14:30]
Understanding utilization rates and why it’s important to keep credit cards open [16:00]
How personal loans can hurt or help your credit [17:30]
What these changes mean to your FICO score [18:30]
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