what's the good way to raise my credit score?

Answer 1

well, have you got time to read? here are the links
http://credit-cards.ebookorama.com
and and http://finance.ebookorama.com

Answer 2

You credit score rises as institutions see that you have handled past financial transactions in a correct manner. If you can control yourself it might be a good idea to get a few more credit cards. Gasoline cards, department stores, things like that. DON'T use them to buy anything that you weren't already going to get and make sure you pay everything on time. If you own a home try getting a credit line on it but DON'T spend it. Just stick it somewhere safe and pay everything back in a year or so. The idea is to get a history built up of ever increasing credit amounts that are always taken care of. And don't get too many things going on at once because they can hurt you if institutions feel that you are over extended. That's why I suggest getting some small cards, using them for a while, and then canceling them.

Answer 3

If you have a house you can get a home equity line of credit and pay the credits card off. The interest in the home equity line of credits are tax deductable. Or If you don't have a house get a loan to consolidate your debts, and just make one payment. Just stay with one or two credits cards and cancel the other ones you have. Pay on time. If you have not paid old credits card pay them off. Check your credit score twice a year. The credit score changes once a month. Go to www.experian.com this is to check your credit score. Good luck.!!

Answer 4

Most importantly is to make sure you pay your bills on time. Even utilities, in many states, affect your credit score.

Secondly, don't carry too many credit cards. If you do have any credit cards, make sure they are not maxed out. Fifty percent or less balance will help your score.

Establish a checking and savings accounts. Maintain a nice balance for several months at a time. This helps greatly, too. It shows you're financially wiser than the average person.

Answer 5

Pay your bills on time. This is the single most important thing that you can do!! If you do nothing else, do that!

Check your credit record for errors. If you find any, follow the credit bureau's instructions for challenging it and getting it removed.

Limit yourself to no more than 2 general use credit cards (MC, Visa, Discover, AE, DC, etc.) and one each retail store (Sears, etc.) and one oil company (Shell, Exxon - Mobil, etc.) IF you are a regular customer.

Never buy anything on credit that will be used up before the bill is paid in full. Such things as groceries, most clothing, dining out, video rentals, etc. should only be charged to a card that you PAY IN FULL every month.

Answer 6

Quit spending on your credit card. Pay it off slowly. Like take 2 years to pay it off. Don't pay the mininum each month. Pay on average Dbl to triple amount of the minimum amount.

If you are just starting out on a credit card, charge your internet provider on it. And pay only the minimum for the next 5 years. Do not charge nothing more to this credit card. It can have a downward spiraling effect like bankruptcy.

Avoid late fees, mail out 10 days prior to due date.

Answer 7

Pay off your existing credit cards and then don' use them for a few months.

Answer 8

Hte easies and fastest way to raise your credit score is by getting it a small loan and paying it back, that way your credit score will go up a lot.

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http://www.bestcreditrates.net

Answer 9

Switch the balance to a lower rate card.Works great.

Answer 10

There is some good info here.