How do I get my 708 credit score up? I pay all my bills on time. Haven't been late on a bill in 3 years.

Answer 1

Reduce the amount of outstanding revolving credit. It seems that the total of credit card balances is just as important, if not more so, than making all your payments on time. Reduce the total amount owed on credit cards and your credit score will go up. Guaranteed.

Answer 2

You're on the right track, and 708 is a pretty good credit score. Eliminate some of your debt so that your debt to income ratio is less and if you can get rid of some credit cards or loans all together you should be fine. It just takes time and patience. Good luck!

Answer 3

708 is a good score. The only thing that you can do now is just keep on going. The length of credit history plays into the rating. the longer your credit history the better your rating. provided of course that your history is a good one.

Answer 4

overdue funds to utilities, and some cellular telephone plans do have an effect on your credit, - no longer your score till you're overdue 60-ninety days. Any time you're making a overdue price on any style of bill it is going on your credit historic past. credit historic past is reviewed at the same time as utilizing for a loan which incorporates a mastercard or and so on this can reason you to have a more beneficial pastime cost or be denied. if you're only switching telephone amenities or application amenities, they can look at your price historic past and word you're redundantly overdue and could cost you a more beneficial upkeep or start up cost. those should be very steep. it truly is continually wisest no longer to be overdue on funds yet a pair of times lower than the 30 day grace era received't devastate you.

Answer 5

You need to balance many things - one is the amount of available credit to used credit - if all your credit limits add up to 2,500 and you carry an average balance of 1,500 regularly - that shows that you use 60% of your available credit - gotta get that much lower.....

another thing.....your credit cards report once a month and even if you pay off in full each month.....they might report to the credit agencies before your check hits...so on paper it looks like you carry a balance every month and don't pay it off.

Also, the type of credit you carry - bottom feeder cards like jewelry store/gas/walmart credit is considered bad...that can have an effect on your score.

Answer 6

What you want to do is simply this. Think of all your credit cards(revolving debt) as a big pool of credit. Add up all your balances. Now add up all your limits. You want to bring your total balances down to 33 - 35% of your total limits. That will have your credit score flying in no time. Opening a new line of credit and not using it will also help boost your score as it will add to your limit but not to your balances.

If you have anymore credit questions please email me.

PS - And you still need to pay all your bills that report to the credit agencies on time.

Answer 7

If you can figure out how to get a good credit score you are a genious. I get a credit report and it says that I have to much revolving credit and on the same report it says I am underutilizing my cards or some such junk.

Answer 8

get a credit card and buy something once a month, then pay the bill.
get a loan for a car or something/bills/doesn't matter and pay that off, on time every month
you build credit by showing you can be borrowed to and you will pay it back

Answer 9

Give it time, first of all.

Avoid having more than one credit card with a balance at any time, and never owe more than 50% against that card. Anything higher will reduce your score

Answer 10

You can get one free credit report from each of the three bureaus once a year. Make sure there are no mistakes on your credit reports. Equifax, Transunion and Experian are the three to contact. Good Luck!