10 Tricks That Will Improve Your Credit Score
Dispute old, small collection accounts.
The most recent version of the leading credit scoring formula, the FICO 8, ignores collection accounts where the original balance was less than $100. However, not all lenders use this formula. You might see an increase in your scores if you dispute a $75 parking ticket you forgot to pay or the $30 doctor’s office co-pay that slipped through the cracks of your insurer’s reimbursement system. The collection agencies that report these minor bills may not bother to respond to the credit bureaus’ investigation attempts, especially as the accounts approach the seven-year mark, where they’d have to be dropped from your credit reports anyway.