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The exact FICO credit scoring formula is a closely guarded secret, but it consists of five specific categories of information, each with its own weight. Here are some effective strategies for improving your credit score: **Secured Credit Card** One solid strategy is to open a secured credit card account. This works like a standard credit card but requires a deposit to "secure" the account. Your payment history gets reported to the credit bureaus, helping to build positive information on your credit report. **Damage Control** Addressing negative information on your credit report is crucial. If you have old collection accounts, consider negotiating with creditors. You might get some accounts completely removed after settling, while others can be marked as "paid in full." **Applying for More Credit Than Needed** It may seem counterintuitive, but applying for a few credit cards can be beneficial. Since 30% of your FICO® Score comes from the "amounts owed" category, having more available credit allows you to keep your usage low, which positively impacts your score. **Building a Payment History** Remember, 35% of your FICO® Score is based on payment history, and another 15% is influenced by the length of credit history. Paying your bills on time every month is one of the most effective ways to steadily improve your score. **Not a Complete List** These tips are just a starting point. Credit repair takes time and consistent responsible behavior—there are no quick fixes for bad credit. The best way to reach higher credit tiers is through dedication and patience.

La fórmula exacta del puntaje FICO es un secreto bien guardado, pero consiste en cinco categorías específicas de información, cada una con su propio peso. Aquí hay algunas estrategias efectivas para mejorar tu puntaje crediticio: **Tarjeta de Crédito Asegurada** Una buena estrategia es abrir una cuenta de tarjeta de crédito asegurada. Funciona como una tarjeta de crédito estándar, pero requiere un depósito para "asegurar" la cuenta. Tu historial de pagos se reporta a las agencias de crédito, ayudando a construir información positiva en tu informe crediticio. **Control de Daños** Es crucial abordar la información negativa en tu informe crediticio. Si tienes cuentas de cobranza antiguas, considera negociar con los acreedores. Podrías conseguir que algunas cuentas se eliminen por completo después de pagar, mientras que otras pueden ser marcadas como "pagadas en su totalidad". **Solicitar Más Crédito del Necesario** Puede parecer contradictorio, pero solicitar algunas tarjetas de crédito puede ser beneficioso. Dado que el 30% de tu puntaje FICO proviene de la categoría "cantidades adeudadas", tener más crédito disponible te permite mantener bajo el uso, lo que impacta positivamente tu puntaje. **Construir un Historial de Pagos** Recuerda que el 35% de tu puntaje FICO se basa en el historial de pagos, y otro 15% se ve influenciado por la duración del historial crediticio. Pagar tus cuentas a tiempo todos los meses es una de las formas más efectivas de mejorar tu puntaje de manera constante. **No es una Lista Completa** Estos consejos son solo un punto de partida. Reparar el crédito lleva tiempo y requiere un comportamiento responsable constante; no hay soluciones rápidas para el mal crédito. La mejor manera de alcanzar niveles de crédito más altos es a través de la dedicación y la paciencia.

Credit cards and debit cards are two ways to pay for things. A credit card is like borrowing money from a bank. If someone tries to steal your credit card information, the bank will help you and make sure you don't have to pay for anything the thief bought. It's like the bank's money, not yours. But if someone steals your debit card information, it's different. A debit card is connected to your own bank account, where you keep your own money. So if someone steals from your debit card, they're stealing your own money. It's really hard to get that money back, and it can take a long time. Imagine you have two pockets, one with the bank's money and one with your own money. If someone tries to rob you and they want $10,000, which pocket would you rather them take from? Of course, the one with the bank's money, because that money is insured and you won't be responsible for it. So, it's important to be careful with your debit card because it's linked to your own money. Using a credit card is safer because it's like using the bank's money, and they will help you if something bad happens.

I haven’t logged into this business checking account in months, but has happy to see this. Data points: 790 scores(roughly) No deposits in this checking account in 6 months+, but have a small balance sitting in there. Have 3-4 other Chase Ink cards with other businesses and zero balance for 2+ years. I am not moving forward with this yet, but may do so in the near future. The reason is there will still be a hard inquiry and it may or may not take a while to remove.