Question

Which action will help increase a low FICO score?
A.) Reducing credit card balances.
B.) Holding payment on bills.
C.) Applying for credit more frequently

Answer 1

Reducing credit card balances is the action will help increase a low FICO score. 

The FICO mortgage score is between 300 and 850. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of three national credit bureaus, Equifax, Experian and TransUnion, has its own database.