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]

If you prefer to follow along on YouTube, watch here: