how to raise my fico score quickly?

Answer 1

Pay off all your debt?

Answer 2

You can raise it quickly - not overnight, but pretty close.

If you have someone with good credit history, you can have them add you in as an authorized credit card user. That will instantly add 2 years of credit history to your account and boost your score. Probably not as much as you hope in one shot however.

My suggestion is clean your credit up.. takes a few minutes a day/week to start.

#1) Pull all your reports. Not online, request actual physical copies. They usually contain more than what an online report does. This will give you a start on where you need to go with your reports. Also, keep them. Never toss them. They are proof later on if you need them to refer to if you ever get into a legal situation regarding your credit (lawsuit etc). You can get your first set free on an annual basis at annualcreditreport.com.

#2) Dispute. Dispute anything that is not correct including, balance amounts, lates, etc. If you have only one or two lates, I would call your creditor and see if you can get them removed via goodwill gesture, or send a goodwill letter. You can find some great letters on some of the credit boards like creditnet.com and creditboards.com.

#3.) Collections? If you have any collections on your account or anything that should not be there, send a DV (debt validation) to the creditor asking to prove the debt. If they cannot, they have to remove the debt off of your report by law.

#4.) You have rights - check out http://www.ftc.gov/os/statutes/031224fcr... for more info.

#5.) check out some of the posts on creditnet.com and creditboards.com for assistance.

#6.) If you have no credit, or want a temporary boost - have a family member or really (really, really, really) close friend add you in as an authorized user on their credit cards. Make sure the balances are not high, otherwise this could hurt you more. The higher the available credit, the more your utilization will go down on your report - therefore bumping your score.

#7.) Avoid unnecessary inquiries. Hard pulls can hurt you, so avoid applying for new credit cards unless necessary.

This of course is a shortened version of things you can try. Research info on those links I provided you. You can increase your score spending just a short amount of time per week, sending letters to creditors etc. I increased my score over 100 points in less than 6 months. Depending on your situation, this could take shorter or longer time, but at least you have somewhere to start. Good luck!

Answer 3

1. pay ur minimum on time
2. dont act desperate by applying too many credit card in a year. five applications is too much. This also apply to offers u get...dont just say yes to all the free CC offers.
3. Use the CC u have and pay off on time. Dont over charge or have substantial balance. Eg., if you have $500 credit, dont use up to $400 and pay $10 of the minimum every month.
4. Have a good job.
5. Avoid having loans balance and pay it off.
6. Avoid over shopping, high end shopping unless u can afford to pay cash and anything with senseless shopping.
7. Have a steady residence.

Answer 4

Quickly??? FICO scores don't change over-night. Your not going to go from 350 to 720 in a few weeks either. Takes time. Pay your bills on time.

Answer 5

You can't raise it "quickly". You have to pay your bills, on time - being late gets reported by companies immediately plus they charge fees and other companies that you do business with may punish you as well, i.e., raise your interest rates, lower your credit limits, etc. because you messed up elsewhere. It takes time. There is no real "quick fix". Check your credit report for errors though. Then write and get them corrected. Keep copies of all correspondence.

Answer 6

MAKE SURE YOUR BALANCE YOU OWE ON YOUR CREDIT CARD,IS HALF THE AMOUNT OR LESS OF THE CREDIT AVAILABLE TO YOU.

Answer 7

find out who runs the system and put a gun to his head....