The exact FICO credit scoring formula is a closely guarded secret, but it consists of five specific categories of information, each with its own weight. Here are some effective strategies for improving your credit score: **Secured Credit Card** One solid strategy is to open a secured credit card account. This works like a standard credit card but requires a deposit to "secure" the account. Your payment history gets reported to the credit bureaus, helping to build positive information on your credit report. **Damage Control** Addressing negative information on your credit report is crucial. If you have old collection accounts, consider negotiating with creditors. You might get some accounts completely removed after settling, while others can be marked as "paid in full." **Applying for More Credit Than Needed** It may seem counterintuitive, but applying for a few credit cards can be beneficial. Since 30% of your FICO® Score comes from the "amounts owed" category, having more available credit allows you to keep your usage low, which positively impacts your score. **Building a Payment History** Remember, 35% of your FICO® Score is based on payment history, and another 15% is influenced by the length of credit history. Paying your bills on time every month is one of the most effective ways to steadily improve your score. **Not a Complete List** These tips are just a starting point. Credit repair takes time and consistent responsible behavior—there are no quick fixes for bad credit. The best way to reach higher credit tiers is through dedication and patience.

Can I apply for credit limit increase to 38k to lower my utilization? currently owe 8k on my NAVY fed credit card 30k limit. I can pay 3-4k to only owe 4k when I try. Will I be approved?