what are some good ways to raise my credit score?

Question

my credit is FAIR (between 620-659) I would like to get it around 700, but not sure how/what I need to do.

Answer 1

In no particular order:
1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.
4. I was told by an underwriter that having just two cards, a major credit card (VISA, MC) and a consumer card (Sears, best buy, etc...) is the best mix for revolving credit.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.

Answer 2

Your score indicates either payment derogatories or high credit balances. Those are what would have you in the 600's. Based on your comments I am guessing it is the later.

Here is some info on getting the scores up. Hope this helps.

Answer 3

Buy things you can afford, and pay on time.