what is the best way to raise your credit score?

Answer 1

First... request a copy of your credit report from each of the three major credit bureaus. Make sure everything on there is accurate and dispute anything that isnt.

After that, you need to close any credit card accounts that you haven't used in awhile. Having too many open accounts, even if they have a zero balance, still looks bad.

Once that's all done... the best way to increase your credit is to make payments on time, keep balances low, and payoff anything you can. If you don't have any debt, you can increase your credit rating by getting some type of loan (car, credit card, personal loan) and making the payments on time. Paying such things off early helps a lot too. Don't let yourself miss even one payment, as that will negatively affect your rating.

Other than that... if there's bad stuff on there, it's going to be there for the next seven years. Until it's all gone, your score still won't be great.

I will tell you that it's worth it though... I had bad credit (thanks to divorcing my lousy ex) for most of my adult life... and finally in the last few years, it's become really good (since I'm no longer paying for HIS mistakes). Sure makes life a lot easier!

Answer 2

Depends on your open credit etc. The fastest way is to do a balance transfer or consolidation loan. If you have 7 credit cards maxed out, bring all down to 0 with a transfer or consolidation loan. The 0 balances will add tremendous points but the new loan will do little to hurt you. We did this for our last mortgage. Went from a 640 to a 716 in 3 weeks. You have to let the lenders report. Then it hits. You can read more at http://www.creditrepaircenter.us and the site is free so don't worry. Quite a few articles on there as well. What ever you do don't pay off collections without getting it removed in writing prior. That is your only hope.

Answer 3

hi Jessie, listed right here are some assistance I supply my customers even as they are searching to develop their credits for a house loan. a million. not in any respect close any money owed. only pay them right down to a nil stability. 2. Paying previous money owed could drop your credits score. concentration on paying those days opened money owed. 3. Get a secured credits card. really you may pay a fee for this card yet you're borrowing out of your own money to re-set up your credits. purchase some thing small once a month (like $15 well worth of gas or nutrients) then pay it on the prompt. not in any respect PAY THIS CARD bypass 30 DAYS! 4. do not enable absolutely everyone pull your credits. After such lots of inquires, your score will drop. 5. once you've open credits playing cards and they are over the reduce, pay them less than the reduce and pay them to a 30% stability or a lot less (party in the journey that your credits card reduce is $one hundred, you should really have $30 on the cardboard). 6. Dispute some thing on your credits it fairly isn't any yours to the three credits bureau businesses. wish this facilitates. nicely needs.

Answer 4

3 important things:

1. Pay off debt.
2. Delete negative items
3. Build new credit

Here is a excellent source of information......

There is a free credit repair kit and loads of other information on this CONTENT BASED WEBSITE: http://www.expert-credit-advice.com/free_credit_repair.htm

IGNORE THE ADS, just read and use the free information......

Answer 5

Pay a significant portion of your debt off. Do this by paying more than the minimum each month with credit cards, and pay all of your utilities, rent, insurance, and car payments on time.

Answer 6

pay your bills on time:


Credit Score Explained
http://www.debt-loan-refinance-mortgage-credit.com/category/Credit-Score-Myths-Explained.html