what can i do to raise my credit?

Answer 1

Go ahead and buy on credit everything you can, get yourself into a lot of debts, the much you owe the better, they give you more and more, but don't fail a payment.. This should bring your credit score to a solid 850

Answer 2

First get a copy of your credit report; you are entitled to one free report per year. Then make sure there is no incorrect information on the report.

Equifax: 1-800-685-1111
Experian: 1-888-397-3742
TransUnion: 1-800-916-8800

Next get a credit card, even if it is only a gas card or a store credit card. Buy something and then pay it off. Sounds easy right. But, if you establish a HISTORY of making good on your debts then you establish a good CREDIT HISTORY.

If you can't get a credit card then go to a rent-to-own place or go to a store and put something on layaway. Just renting something isn’t going to do it though. The Credit Card companies want to see you pay off on something that you BUY. When you rent something it is on a month-to-month basis and can be canceled at anytime. This doesn’t build a history since you can so easily cancel it. If you rent-to-own then you are buying something and that shows an obligation. Once you do this make sure it gets reported. After a couple of months you can order a credit report for $8 and then check to see if the new charges don’t come up; then you can report them to the credit card company. Work with one company and then switch to another. Keep records of what you report so if one of the other two companies doesn’t have the information then you can report that to him.

Don't apply to too many credit cards at once, because too many credit inquires can damage your credit rating. Be careful on how many credit cards you get. Too many cards can drop your rating--you are over extended. If you cancel a credit card then that can look bad as well.

There are some scams out their offering to improve your credit rating so be careful. For example one company offers you a credit card, but it is only good on their products and they make you pay several $100 for the privilege. The do claim to make regular reports to the credit card companies though.

The most important thing is to make all your payments ON TIME. Build up a history of this and you will build up your Credit History. Every bad report on your Credit History will stay with you for 7-11 years. The government has made it harder to declare bankruptcy.

Try not to be late on any of your bills. Most companies will let you slide for a month or two before reporting your payment history, but you never know. If you are late on a bill then a company could make a negative report, and once such a report is made it is hard to clear it off your Credit History.

The credit companies work backwards to how you would think they do. A good customer carries a balance on their card. The ones that pay it all off every month is considered a bum. Because the credit card company doesn’t get any interest off you. They do care greatly about you making your payments on time. But if you carry a balance on a card then that makes you more attractive to other credit card companies. Don’t get in too deep; there is no requirement that you spend anything on a credit card. Oh sure charge something once a year so they know you are alive and will keep the credit card current. If you go over a year without making a charge then they are apt to cancel the account.

I know a little about this because I was forced to declare bankruptcy several years ago. It has been a long road back.

Answer 3

use one credit card to pay the other

it raises your score because the credit bureaus dont know where you got the money to pay the one card...and you only pay the $50 fee or something like that to do it plus they may raise your credit line and offer you 0$ interest on your next transaction because youre such a good payer!

Answer 4

Get credit report. Speak directly with creditors and see if they will remove the item based on some deal you work out with them. Research online about improving credit. Maybe get a prepaid credit card but don't use it.

Answer 5

first would be,do not max out ur card that will lower ur credit and it looks bad when trying to apply for a new card they might Deni you and that also looks bad and may even lower your score.
second; Always Pay on Time!
also try to pay each card of within 1 yr or less.once you pay off the card...I belief you loose like 2 points but gain them back within 3 months plus the satisfaction that your paid off.

Answer 6

why does everyone want such great credit? what's it do for you that's good?

Answer 7

useful info on this here
http://www.researchitforme.com/wesayes/loans
scroll down the page

Answer 8

Get a sigature loan from your bank and pay it of monthly, that willl raise your credit score.

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