what is the quickest and easiest way to increase my credit score?

Question

i've never gotten anything on credit so i don't really have any credit and i have only 7 things on my credit report which are old utility bills and 2 student loans and a credit card that i had. i want to buy stuff on credit but can't because of the negative creit i have. i was considering filing bankruptcy but i don't want that on my credit either. please help me.......

should i go 4 credit counseling? if so where?

Answer 1

The best way to improve credit is to pay the bills you have on time. You don't have to pay them all off immediately, just don't get any late fees. They have credit cards for people trying to build good credit, you should get one of these and keep up on the payments for a while.

Answer 2

You are mistaken, if you have old utility bills and student loans, then you have credit.

From the way you sound, you cannot afford to buy anything on credit. Filing for bankruptcy will not erradicate your student loans. I am assuming that old utility bills and a credit card wouldn't be enough to file for bankruptcy anyways. How old are the utility bills and cc? Were they taken to collections? You need to validate your debts. Are they truly yours, etc. Go to http://www.creditinfocenter.com/rebuild/debt_validation.shtml for more info.

You say you have never gotten anything on credit, but you had a credit card? Is that still open, does it have a balance, or did it go to collections?

The accounts that have been sent to collections are causing your score to be so low and the only way to reverse that is with time.

Answer 3

to boot to what - stated, you would be able to desire to get copies of your 3 credit comments to ascertain there are not any errors on there bringing your score down. collectively as bringing your score up is easy, it each so often takes time (parent 5 to ten factors consistent with month, except you have severe balances or an errors, the two one among which could be fixed incredibly and make an significant difference on your score). subsequent, do no longer under any circumstances open up a clean account or run up any credit balances beginning up 6 months previously you propose on paying for and going until you shut. on the least, your approval would be in the back of schedule and at worst, you are going to be denied. And confident, they underwriter will require the non-public loan officer to tug your credit document an afternoon or 2 previously last just to ascertain on any new purposes for credit or any new larger balances. this skill no fixtures paying for, etc.until you have closed. different than that, with out incredibly seeing your credit document, o one right here can incredibly provide you particular strikes to take (i.e., pay this, pay that, regardless of).

Answer 4

You first need to understand how they come up with your credit score:

http://financialbasics.blogspot.com/2006/11/credit-reports-and-credit-reporting.html

Then you can request a copy and the following article says what you should be on the lookout for:

http://financialbasics.blogspot.com/2006/11/its-your-credit-take-care-of-it.html

Remember that credit is a numbers game. The better educated you are about it, the better you will be at managing it

Answer 5

pay what you owe and try to get by on paying cash for things. credit can be bad thing if you do not know how to use it.

Answer 6

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