2006-09-20 19:31:01 · 6 answers · asked by privateinvestigator2007 1 in Business & Finance ➔ Credit
The quickest way to add positive credit is to have someone add you as an authorized user to their established credit card.
You would have to make sure that the card has an excellent history (and preferably at least a year old) and that it has low utilization (at least under 45%)
Doing it this way, it should start reporting when the card company updates for the month. If they have already updated for this month, than it would be next month.
You would get all of the history without taking a hit for a hard inquiry or a hit for having a new account reporting (since the card you would be added to already has history and would not be considered a 'new' account)
Be sure to request that it report to your credit reports when you are added. (they usually do, but it doesn't hurt to request it)
You could also dispute items that are inaccurate on your reports. The only problem with that is if you have a thin file and you dispute an inaccurate tradeline and they delete it, you would get hit with losing history and your score would drop for a bit.
If you have one or two lates with a company, you can try and request that they remove the lates. If they will, that will increase your scores a bit. Give them a good reason to delete them, not just that you didn't have the money to pay or that you forgot.
2006-09-20 20:18:43 · answer #1 · answered by echo 7 · 0⤊ 0⤋
The simplest way to do so, if you have established credit cards is to pay down the balances and keep them just below 40% of the remaining available credit.
If you do not have any credit history, go to your bank and ask for a secured credit card-- even if its only 100 dollars. Make sure to ask when getting the card is if they report to all 3 bereaus. Use it every month and pay it down. Use it and pay it down. 6 months or so you will see an increase in your FICO scores.
Pay or negotiate with any collection agencies that have collections against you to get them paid. If they have not been paid, ask the for a "letter of retraction", before paying them. To be completely honest most collections whether paid or not, still have the same effect on your scores. The main objective is to get them removed entirely from the report. These agencies are very difficult to work with. The best approach, is to find out who the creditor is that sent the debt to the agency and ask them to ask the agency to give you a letter of retraction.
I have seen FICO scores increase upwards of 50 points by removing even paid collections.
2006-09-21 02:45:04 · answer #2 · answered by johnnyactor 1 · 0⤊ 0⤋
Take a look at a book called, "Evil Money Evil Credit". Is has additional information which should be able to help ya out. There is a blog called, "How To Get Good Credit Gab" at
www. HowToGetGoodCredit.blogspot. com
2006-09-21 22:46:56 · answer #3 · answered by paeradio 2 · 0⤊ 0⤋
Call the credit bureaus and object to any information you think may be false on your credit file. By law they are obligated to check with the credit granters who report to them and confirm the information is true.
2006-09-21 02:37:33 · answer #4 · answered by michinoku2001 7 · 0⤊ 0⤋
Its called borrow more money which is stupid. Myself I'd rather be debt free than worry about my credit score.
2006-09-21 03:10:11 · answer #5 · answered by show_em_your_badge 3 · 0⤊ 0⤋
pay all your debts and contact them and tell them you are clean.
2006-09-24 11:45:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋