How to raise your FICO credit score to 750?

A credit score can be something that bothers you when it comes to your financial situation.

Your future seems much less stressful and more optimistic in its perspective when you can be the lucky “resident” of the top tier with your credit score above 750.

Consequently, your bank can offer you a loan with a better rate and the insurance company shows more pleasant and hopeful attitude towards you.

image credit: cafecredit.com/credit-score-range

You are on the top when your FICO credit score rates 750 or higher.

You are on a second position if your mark is set between 700 and 750.

Even when you drop below 700 your situation is not so hopeless, yet the score rating no more than 650 becomes the reason to be worried.

The optimistic theory says that it depends on us and it is possible to improve our credit score.

TIP: To check your credit score use free services like Quizzle.

One thing is certain –you must work for your financial credibility and have it in mind while making any decisions connected with your finances.

If you have no clue how to increase you credit score use these tips and aim at the top tier:

  1. Begin with essentials and get fully informed about your situation on the start line. Get the free report and check it for errors. If you find incorrect information, dispute it right away.
  2. Say goodbye to your credit cards. It is significant to be less extravagant and think twice before paying with money you do not have in your hands at this very moment. It is better to buy something in cash and be sure you can afford it here and now. So say goodbye but…
  3. Do not close your old credit accounts. They can be useful as they provide longer credit history.
  4. Consider higher limits on your card. The debt utilization is lower when the limit is higher. Your utilization should not be higher than 40%, but the aim is under 20%. You can lower the percentage by paying down the balances and increasing the limit.
  5. Be punctual in your payments. Pay everything off on time and remember to buy only as much as you can pay for immediately after receiving your bill.
  6. Try something else. It can be very helpful for your score when you have an opportunity to show that you are able to pay two different kinds of debts like the revolving one, in the case of your credit card, and the installment debt. You can open for example a personal loan, mortgage, buy a car and pay in installments.

Although it may seem quite difficult for some of you, it is achievable. Thus, it really is worth the effort and a bit of time to develop a certain strategy for your finances. Finally, remember that the strategy must include the aim and lots of determination to complete the challenge.

Quizzle Review – Free Credit Scores & Credit Monitoring

Having a clear overview of your credit score has become important more than ever.

After the mortgage crisis in the early 2000’s, everyone has become much more aware of the fragile nature of the economy.

People started to concern themselves with a lot more aspects of personal finances, and have even become more involved in the way they manage their money. If the economic crisis has brought anything good, it is that people (especially young people) got more invested in what it means to be responsible with one’s credit score.

Web services like Quizzle have emerged to help young people and created a way for them to manage their personal finances in a way that wasn’t possible 10-15 years ago.

With the new technology we have in the form of smartphones and Wi-Fi internet connections, not being informed about virtually any topic has become almost impossible.

New technology isn’t always tied to efficiency and positive things in life (just think about the hours lost on the internet while procrastinating). However, apps and sites like Quizzle are one of the bright examples how new technology can and should be utilized to make our lives easier.

That’s why we’re taking a closer look at some of the aspects of this website and the way it can help you to manage and monitor your credit score in a better way.

What is Quizzle?

First and foremost, Quizzle is a free credit score and credit report service website that helps you organize all the reports and statistics tied to your personal financial life. The site operates with its own credit score calculation, which means that the FICO score most banks and loan services use to determine your credit worthiness is not a part of the Quizzle calculation algorithm.

However, before you back down on giving this online service a shot, you must know that no credit service has access to the algorithm of the FICO credit score calculation.

This algorithm is secret and all other services of this nature operate based on the information you provide. After calculating your credit score, Quizzle will give you an estimated value of your CE score. This number is usually 50-80 points off from your FICO score. This is due to the fact that the CE score uses a different formula than the FICO score system.

Why use Quizzle if it uses a different credit score system?

That’s the main question we wanted answered when we started to notice Quizzle in the credit score service market. All other similar services are aiming to simulate the FICO credit score, being off a few points from it. Quizzle, on the other hand, swims against the stream. They know that they cannot aim for accuracy in terms of FICO credit scores, so they have their own CE score they base their advice on.

This may seem counterproductive at first, but if you think about it, it’s more important to get good service regarding bettering your credit score, than what unit of measurement it is shown in. For example, let’s say I have a FICO score of 800 and a start using Quizzle and their CE score.

Credit score breakdown – what makes up your credit score?

My CE score is 750, 50 points less than the FICO score. If I now get to work on increasing my credit score based on the analysis and reports Quizzle has given me and I better my CE score from 750 to 760, this means that my FICO score is also improving. It doesn’t matter what unit you use to measure your credit score, as long as it is an indicator of improvement.

Quizzle gets with the times

Another big plus this credit score service has with younger customers is their openness towards using new technology. Mobile alerts and email notifications are included in their free service, making your credit score not a thing to be burdened by all at once, rather than giving you an update every now and then on what you can do to make small improvements.

This model of constantly giving you updates makes it much easier for customers to start seeing their credit score and financial monitoring not as a hassle, but rather anintegrated part of their daily life.

The verdict

Quizzle is a handsome credit score service that aims at implementing new technologies into the sometimes confusing world of credit score reports. It is listed among recommended free credit score websites on Cafe Credit. Many people are using this service everyday and users are generally happy.

The service knows its customer base very well and provides great tools for improving your credit score whenever possible.However, the CE score system they use might not be something everyone wants to get behind. Some alternatives to Quizzle.com include Credit Karma and Credit Sesame.

Although it’s not something that has an impact on the way you can improve your credit score, it is a bit awkward not seeing your credit score represented in the FICO credit score number most banks and loan agencies use.