is there a fast way to improve a poor credit score?

Answer 1

pay your bills, get a credit card, yea i said it. buy something everything month with it (like a 40 dollar shirt or something, whatever it doesn't matter) PAY IT OFF every month. you build credit by having credit history.
I have a loan for like 5k for my car, and other stuff and pay it every month, my credit score has gone up tremedously over the past year because of it.

Answer 2

You should really read a book on it (I just read a section of Suze Orman's book "Money Bbook for the Young, Fabulous and Broke" and it gave good advice). Understanding how credit scores work helps you attack the problem from all angles, I really recommend it.

One fast way may be to ask for increased credit limits on your cards (but then DON'T charge more), this will increase your ratio of available credit to debt, but this might not work if your score is really bad. And if they do increase your limit, it may only bring up your FICO score a few points.

There is no quick fix, but there are things you can start doing today, like reading a book about it. I'm currently working on improving my score and my boyfriend's so we can get a house, and reading about it has helped a lot.

Answer 3

There is not a fast way. I would start out by reading the info on free sites about repairing your own credit or borrowing a book from the library. Then pull your credit report and see where you can improve the most. (Is you debt ratio to available credit too high? Do you have too many deliquent accounts? Do you owe many creditors money? Or do you have no (or a new) credit history? Listed below is a few links which will help you out. Good luck!

Answer 4

Try this to improve your score:

First know that the bureau must verify any debt you dispute. If they can not verify it, it must be deleted. They have 30 days to do this.

With 7 years in the credit business, I recommend disputing them all at the same time, as you will likely need to go through several rounds of letters to get what you want done. If something is blatently wrong with your credit report, call the bureau after they write back and refuse to remove it. Go up the food chain until a manager agrees to remove or amend the incorrect info on the spot. Don't buy into their speach about re-disputing it - but make sure you have provided the information necessary by mail already to correct the error. It will not help you to insist on something being removed if you have not provided verificaiton on why.

When you mail in the dispute letter, mail in as much information as possible with it. If your verification is a bankruptcy, send in all the pages to your petition and tab the important pages for them to review.

Also mail in a copy of an electric bill and a copy of your ID to avoid any delays. See the FTC web's site for your specific rights with collectors and debt reporting:

http://www.ftc.gov/

If your problem is directly with the creditors, write to them ONE time. If they do not remove incorrect information, write to your state's attorney general's office and the FTC. This will get you the results you seek if you are in the right.

If this is a collection agency problem, write to the same people plus the ACA at www.acainternational.org. Collection agencies are generally slime, so know your rights before you call them. See your rights here:

http://www.ftc.gov/bcp/conline/edcams/credit/index.html

If you have legit items that are bad, dispute them also. If they can not be verified, they must be deleted. It is not your responsibility to prove they are inaccurate, it is the credit bureaus who must demonstrate they are.

Hope this helps!

Answer 5

make certain that your mastercard in no way is going over seventy 5% used (a million,000 cut back.....$750 max) The credit bureaus start up penalizing you for any variety of revolving credit that maintains a stability of seventy 5% or extra effective. the terrific thank you to construct your credit up speedy is to apply your credit motor vehicle for something small, and then pay it off as quickly as you get your invoice. do this for six months and there will be a extensive progression on your credit. additionally whenever you prepare for credit it lowers your beacon score by using approximately 7 factors, so do no longer be a credit seeker. Freequent activity changes and handle changes additionally negatively impact your credit. desire this helps :)

Answer 6

Pay your debt as quick as you can,thereafter openan another bank account,secure new credit card.Don't use your old credit cards,use the ew one and buy something on it at regular interval say like Grocery and make payment at schedule time.This is the only way you can improve yourcredit score.Residential utiity bills must be paid in time,including your rent.Especially phone Bills.

Answer 7

get a co-signer with a good credit score to help you rebuild it. also, as others have already said, pay everything off

Answer 8

It takes time, unless you know someone who works at credit bureau.

Answer 9

get a secured credit card, only make your utility payments from it, then add more money... your score will jump!

Answer 10

Pay off your bills on time