how do i increase my credit score?

Answer 1

Pay your bills early. Don't miss payments. Don't max out your Credit cards... & keep your debt down. Do all of this- & you won't even NEED a good credit score. Credit is for people whose eyes are bigger than their wallets.

Answer 2

You're might get a lot of very bad advice here.
Some people may tell you a correct answer, but many people will give you bad advice like "pay off your credit cards in full each month" and "close all accounts you don't use". These are examples of bad advice if you want to raise your credit score.
Your credit score actually increases rises faster if you pay your bills on time, pay more than the minimum payment, and KEEP A ROTATING BALANCE EACH MONTH. That means don't pay off the entire balance every month. At least not until you are happy with your credit score.
Also the longer you keep an account open, the higher your score will be because it counts toward your length of credit history.
If you want good advice, go to one of the three credit bureaus in the United States. Go to www.equifax.com or www.transunion.com or www.experian.com and read their info on how to raise your credit score.

Trust me, my credit score is currently 810 out of 850.

Answer 3

Lots of ways actually, here are a few:

1.) First go to your local bookstore i.e. Barnes and Noble or some other bookstore. You can purchase Credit Repair books there or Credit repair forms that come prepackaged like EZCreditRepair, these packages already have templated letters that you can send. They will have the address of the three bureaus that you can write to and will give instruction on how to send and in what order to send. The trick is this, the bureaus have 30 days to respond to your inquiry, if they do not respond then whatever item you challenged in your letter is removed and that's by law. You continue writing this letters using the templates provided by your credit repair book and you send them to all three bureaus, for derogatory items to be removed it usually takes 3 to 5 months depending on how bad your credit is. Also, lets not forget those inquires that are on your credit report to, those also bring down your FICO score which ranges from 400-900 points. You credit repair manually will also provide template letters for challenging your inquireys as well and again they have 30 days to dispute it, if not it's removed.

IMPORTANT NOTE: It is important to follow up after you've disputed your items on your credit report and the reason I say this is that bureaus will sometimes do a Ghost deletion, which means when you get your new credit report back and the item you disputed was removed in a prior dispute but is back there again now, you have to stay on top of those and it will happen with some of your disputes.

2.) There are some reputable companies that dispute your credit items for you so you do not have to do everything as mentioned in suggestion 1 above. They usually change about 30 bucks a month and will continue to dispute your items on your credit report up to six months, you then lay off about two months and start all over again, this ensures everything negative is removed.

Answer 4

If you don't have a credit card get one anduse it properly. Here's how to use it most effectively!


The best way to make your scores improve is to keep the balance of your credit cards low in relation to your higher limit. In other words, with a $1,000 credit limit, you should carry no more than $100 in balance to optimize your score.

Paying off the account provides no activity for your scores to be calculated. Closing the account may very well make your overall debt ratio higher and bring your score down.

The best way to use a credit card is to do the following:

Start off each month by making one small charge. This could be a tank of gas, date night with your spouse, or your monthly gym membership fees. Once you make that charge, put the card away! (When your card is not in your wallet or purse, you are less tempted by those "emergencies" such as that shirt on sale!)

When your bill arrives in the mail, pay it off completely. Each month use the card again. By using this technique you should only spend $30-40 each month. And each month as your bill comes in, pay it off completely.

The $30-40 balance will be reported to your credit report and paying it in full will eliminate any finance charges. Altogether, this low balance on a higher limit shows that you know how to use credit and that you are not living on credit! This will boost your scores (and save you cash!)

(c) 2006 http://www.bestnewcreditcards.com

Answer 5

why do you want to increase your credit score? do you even know?

Answer 6

Pay off your credit cards and other loans asap. Make sure you make your monthly payments on time, do not miss a payment and make your payment way more than the minimum monthly payment. I learned this from personal experience.

Answer 7

Make sure you're paying your bills on time (and in full when possible). If you're in debt, start spending more wisely (i.e within your means) to get out of it. Be determined. Good Luck!

This is an excellent article that answers your exact question: http://www.oprah.com/download/pdfs/money/money_fico.pdf

Oprah did a entire series on this and brought in professionals to assemble advice!!!!

Answer 8

pay off in time, and always select best companies while applying for loan next time

Answer 9

Pay off your debts.