Page 5 - Introduction to FICO - Credilife®
P. 5
Score boosting strategy:
Start with your oldest accounts first!
• Balances of more than 50% of the available limit should
be paid down first starting with the account that has been
opened the longest.
• Once EACH of your revolving accounts are below 50%,
start again paying them down one at a time, oldest
account first, until they are ALL below 25%.
• Continue until you reach the ideal debt to limit ratios of 1-
3% of your available balance!
• Timing your credit card payment to maximize point
potential.
