How to Increase your FICO – For Business Owners

Share on facebook
Share on twitter
Share on linkedin

FICO [Case Study] - How to increase your Score



Let’s start with a quick story about the client. He started a wholesaling business less than a year ago. Since his business was ‘too new’ to qualify for conventional financing, and he wanted to start leveraging his business to achieve massive growth, he signed up for our Startup Financing Program. His credit was immaculate, except for one account that was dropping his scores.

 

 

 

 

As you can see from the images above, he had a Discover account that had a 99.9% balance on it ($24,980/$25,000). This account alone was causing his scores to be in the high 600’s/low 700’s.

Our business growth consultants provided him with some clever strategies to pay down his account, as well as a forecast of how the decreased debt would increase his scores, and allow him to obtain business credit products closer to PRIME interest rates.

Just a few weeks later, he refreshed his credit report before proceeding with an application, and the results speak for themselves.

 

100 Point Increase on all bureaus

The importance of personal debt utilization.

In just a few short weeks, his scores jumped from (702/698/707) to (798/803/793). Nearly 100 point increase by paying down one personal credit card.

Watch the Video Now: Increase your FICO



Did you like this article?



We provide more case studies and finance tips weekly, but you won’t know when we do unless you complete one of the steps below!

$500,000 IN FUNDING FOR YOUR BUSINESS

IN 30 days

This free training shows you all the secrets banks don't want you to know.

Complete the form below to learn the secrets

To inquire about building additional business credit, click the link below

Don’t want to wait? To submit a secure prequal and get a free consultation, click the link below

Share this post with your friends

Share on facebook
Share on google
Share on twitter
Share on linkedin

Leave a Comment