And also ..?

Question

I just did a Credit Analyzer - Even if i pay off all my debt on cards, my total credit score could only be 737!! How can i go higher than that ?

Answer 1

Every time you make a purchace an item turn around and pay it off right away.

Answer 2

Balances are only one part of the credit score. The score is based on payment history (any late payments?) as well as how long credit has been established. Since you are only 22 years old, your credit history is not very old, and will improve with time as long as you continue to pay all debts on time.

The score also looks at a balance of different types of credit - if all you have are credit cards, and no installment loans, there is no history to show that you can handle that type of debt as well.

In the short term, there is no quick fix for your score, but responsible credit management over the years will lead to an excellent score.

Answer 3

See my answer on the previous question... that might help a little bit. Also, 737 is a good score. If you've ever had a late payment of any sort (even just one), that would have brought your score down. Just make your payments on time, all the time. It takes a little time. Also, if you don't know this already, try to avoid applying for credit, unless it's necessary. That brings your score down also.

Answer 4

Increase your credit limits, but do not increase your spending habits. There should be some advice listed on the analyzer, pay attention to the advice given.

Answer 5

you can also try to get credit limit increases. When your report shows that a lender or bank is willing to lend you more money than they were willing to before, it raises your overall credit score slightly.