What is the best way to improve my credit score in a short time?

Answer 1

Buy small things on credit. Don't get a large credit line, and pay off the items right away, or as soon as possible. Avoid late payments like the plague. Never pay the minimum balance. On revolving credit, wait until the last minute to pay since you get no benifit from paying early. On simple credit, pay early to increase the amount that goes to principal. Don't have too many credit lines open at once. That's about it.

Answer 2

I'm going to assume your score is currently bad.

You can acquire a high interest, no monthly fee credit card. (Or if you already have a credit card, this is unneccessary. If your score is better you can get a better card.) Make sure it has a 30 day grace period.

Now make all your purchases with this car, BUT make sure you have the money for those purchases. At the end of the month, pay it off right away before you have to pay interest.

If you are like most people, you have at least 1,000$ worth of expenses a month. Regularly paying this back on time will drive your score up in as little as 6 months.

That is unless you already have signifigant debt, at which point the best way is to start paying that down. (I know, easier said than done.)

Answer 3

WAYS TO IMPROVE YOUR CREDIT REPORT

Correct blatant mistakes. Your credit score is only as good as what shows up in your credit report. Review your reports from all three credit bureaus for accuracy once a year as well as several months before applying for a loan. Changing a mistake on your report - such as a payment that is wrongly labeled as late -- can take 30 days to three months, sometimes longer.

Pay your bills on time. This is always a good practice, and it's especially critical that you make prompt payments close to the time you need a loan. That's because a late or missed payment in the last few months is likely to lower your score much more than an isolated late payment five years ago.

Reduce your credit card balances. A heavily weighted factor in your FICO score is how much money you owe on your credit cards relative to your total credit limit. Generally, it's good to keep your balances at or below 25 percent of your credit card limit, said Jeanne Kelly, founder of The Kelly Group in Brookfield, Conn., which helps clients improve their credit scores.

Answer 4

Hello,

The best way to improve your credit score, is to pay off as many debits as you have in the shortest (realistic) time possible. And that means take the credit card or loan you have the highest debit on & start paying it off ASAP!.

**Depending upon your income & outgoings per month, you need to sit down with a sheet of paper and write down how much you could realistically pay towards paying off your debits each month AFTER all your other costs have been taken into account.

**this could take just a few weeks if the debit is realtively small, or months or even years of the debit is some what larger.

**Believe me there aint no quick fixes!!

IR

Answer 5

If you have no credit, buy things on time, pay it off in three months, do not be late with payments.

If you have bad credit follow the advise in previous suggestions.

Do not apply for credit anymore than necessary because when you are turned down it cost you on your credit record.

Hope this helps

The She Beast

Answer 6

get a copy of the report from all 3 agencies. then start assessing the old and new information. see what is inaccurate and challenge it. there are companies that perform this service. do not take out any new credit cards and loans to pay off the debt unless you are sure you are paying bills properly. if you have any more questions you can email me at [e-mail]

Answer 7

Several ways, all which are free, and easy.

1. Dispute negative accounts with the three credit bureaus.
2. Opt-out, so creditors stop frivolously pulling your credit
3. Open low-limit, high-interest cards, and pay them off every month.

Or, visit www.WestCoastHomeMortgage.com and a professional can help with the above three items, free of charge.

Answer 8

Pay all bills immediately.
Take out a credit card and pay it off immediately. If they won't give you one because of a bad credit history, then get one of those secured credit cards. You give them $500; you get to spend the $500 using your credit card.

Answer 9

Join my credit repair program. If have financial services to help you with your overall financial situation. www.fdimember.com/brookline
How about not only can we show you how to improve your credit but also show you how you can eliminate all your debts.

Answer 10

Take out every form of credit going and don't make ANY repayments. It's a surefire winner.