The Essential Key to an 850 Credit Score

Many mistakes people make is closing dated accounts. This prevents them from reaching an 800 credit score. You should always leave open unused accounts because these are what we call “Golden accounts.”

A Golden Account

One of the most effective strategies to use to get 800 credit score is hold two to four Golden accounts in your credit report. Once you acquire an account that has been open for seven years you should never close it. This can be the difference between a 700 and 800 score.

Too Many Open Revolving Accounts

In the case that you have too many open credit cards in your report AND you already show 4 Golden Accounts, you may want to close those credit cards (revolving accounts) that have been opened the most recently. In addition, you need to always show at least 1 bank or national card open with your credit file.