We’re talking about some really good news.

If you are like most people, you want to make sure that you improve your credit score. If you have an attractive credit score you can improve your chances of obtaining good loans.

Of course, an admirable credit score can help you with employment, mortgages, insurance, and other aspects. As you can see, there are a wide variety of opportunities with a strong credit score.

The credit score provides lenders with a holistic understanding of your financial status. Indeed, a high score shows that you can be trustworthy with lenders. These lenders will be willing to lend for a house or for a new car!

You may also know that there are various score types out there but the FICO score is one of the most common. At least, the FICO score is the one that is most recognizable. Did you know that the FICO score is the one that most lenders will review? They will use this score to decide whether to move forward with your application.

Are you taking all the right steps to keep your FICO credit score as pristine as possible?

Here is what you need to know about how consumers have increased their credit scores over the last year.

Stay On Top of Your Payments

If you can stay on top of your payments, you will be comparable to those who are increasing their credit score. Most consumers were able to keep up with their payments and make them on time. These consumers were able to keep their credit score above 665.

This action made sure that they were able to keep their FICO credit score in a comfortable range.

Thankfully more people are being responsible and are seeing the credit scores rising over time. Reports indicate that the average score has increased over seven points in the past twelve-month trailing period.

This is great news because it shows that more consumers may be in a good financial condition. This also means that more individuals may look good to banks for mortgages, cars, and other large loans. These trends are encouraging as it shows that there could be more spending and momentum.

Remember that individuals with higher credit scores will also have increased credit card offers and will obtain better rates.

But what else have consumers been doing to keep their credit scores in a more satisfactory manner?

Minimal Missed Payments

Remember that those that make payments on time are favored by lenders and merchants. More people are paying on time and staying on track. Did you know that only 14% of consumers had late payments? This is down from around 18% or more in the year prior.

Recall that over 30% of the FICO score is focused on your payment behavior. It serves as a critical factor when looking at the score.

If you can show that you are responsible and can stay the course, then lenders will have to respect that value.

Use Modern Features

Remember to use modern features to stay on track with your payments. All you have to do is set up a feature like autopay and your finances will be in line. Of course, you want to make sure that you have enough cash in your account. This way, it is paid with no further worries.

These are a few ways to stay on par with other consumers and have access to better credit.

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