Rossen Reports: How to boost your credit score

ah yes. So many things go into compiling your credit score and we're gonna run through them all for you first. These are the main credit reporting companies, Equifax Experian Trans Union. Here's what they're looking at your payment history. The mountain you owe divided by your credit limit, the length of your credit history, new credit and the mix of credit. So if you have loans and *** mortgage you're seen as being finance really responsible and that adds to your score. Generally this is how Fico credit scores are categorized. Right. 300 to 5 79. Poor credit 5 82 6 69. Fair 6 72. 7 39. Good 7 40 to 7 99. Very good and exceptional is 800 to 8 50. You obviously want to be in the good good for exceptional range. But if you're not don't panic. Here are *** few things you can do to help first make credit card payments on time. I know that. No duh Jeff but here's *** trick set up an auto pay or reminder in your calendar so you don't miss it because that can hurt even missing it Once next while you should always make the minimum payment. Okay? Always try to make that, try to pay your bill in full every month and finally don't open too many accounts at once. Each time you open an account and inquiry appears on your credit report and it's temporarily gonna ding you *** few points it'll bounce back. But it takes some time. Also keep checking your score. That really helps to keep you in line with accountability. You can request it through your bank or you can download the app credit karma which will let you check it and keep up with it. It's free. Okay? It's free to look at those reports. You can also get *** bigger picture with *** free credit report by going to Annual Credit Report dot com. I'm going to put all of this on my website, Rawson Reports dot com as well to help you out with some easy links back to you.

Rossen Reports is working to set you up on a good financial track for the rest of the year. This week, Chief National Consumer Correspondent Jeff Rossen is discussing credit scores, how to boost them and how to check to make sure you're in good standing. There are many things that go into compiling your credit score. First, there are the main credit reporting companies: Equifax, Experian and TransUnion. The companies are looking at your payment history, the amount you owe divided by your credit limit, the length of your credit history, new credit and the mix of credit. If you have loans and a mortgage, you're seen as being financially responsible, and that adds to your score. Generally, this is how FICO credit scores are categorized: 300-579: Poor, 580-669: Fair, 670-739: Good, 740-799: Very Good and 800-850: Exceptional.You want to be in the "Good," "Very Good," or "Exceptional" range, but if you're not, don't panic. Here are a few things you can do. First, make credit card payments on time. Set up autopay or a reminder in your calendar. Next, while you should always make the minimum payment, try to pay your bill in full every month. And finally, don't open too many accounts at once. Each time you do, an inquiry appears on your credit report and will temporarily ding it a few points. It will bounce back, but it takes some time. You can check your credit score by either requesting it through your bank or downloading the app Credit Karma, which will let you check it and keep up with it for free. You can also get a bigger picture with a free credit report by going to AnnualCreditReport.com.

Rossen Reports is working to set you up on a good financial track for the rest of the year.

This week, Chief National Consumer Correspondent Jeff Rossen is discussing credit scores, how to boost them and how to check to make sure you're in good standing.

There are many things that go into compiling your credit score.

First, there are the main credit reporting companies: Equifax, Experian and TransUnion.

The companies are looking at your payment history, the amount you owe divided by your credit limit, the length of your credit history, new credit and the mix of credit.

If you have loans and a mortgage, you're seen as being financially responsible, and that adds to your score.

Generally, this is how FICO credit scores are categorized: 300-579: Poor, 580-669: Fair, 670-739: Good, 740-799: Very Good and 800-850: Exceptional.

You want to be in the "Good," "Very Good," or "Exceptional" range, but if you're not, don't panic. Here are a few things you can do.

First, make credit card payments on time. Set up autopay or a reminder in your calendar.

Next, while you should always make the minimum payment, try to pay your bill in full every month.

And finally, don't open too many accounts at once. Each time you do, an inquiry appears on your credit report and will temporarily ding it a few points. It will bounce back, but it takes some time.

You can check your credit score by either requesting it through your bank or downloading the app Credit Karma, which will let you check it and keep up with it for free.

You can also get a bigger picture with a free credit report by going to .

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