Sunday, October 5, 2008

My Equifax FICO Score

Earlier this week I read this post at My Money Blog and took the opportunity to check my Fico score for free. Ever since I learned about FICO a few years back, I have been doing the following:
-I do not close my credit cards (especially the oldest ones)
-I do not open any new credit cards (I currently have 4 which is plenty)
-I use my credit cards on a regular basis (especially the ones with rewards)
-I always pay off the full balance every month (I spend less than what I make)
-once a year I request a small credit limit increase on the credit card issuer's website

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