what is the fastest and best way to get good credit??

Question

i had some late mortgages a couple months ago and my score is really low.

Answer 1

Keep your credit cards but don't use them. Pay your mortgage on time. Wait. There is no fast way.

Answer 2

There are serveral ways, none of them are really "super fast" but they are all effective.





1. Pay off debt. The less debt you have the less of a risk you are to prospective lenders.



2. Add positive credit. If you do not have good credit, this may be tricky; unless you know a few secrets. Read this article about building credit and seasoning credit! http://www.expert-credit-advice.com/building_credit.htm





3. Delete negative credit: This is usually the most difficult one for most. You must dispute the negative items with each bureau they are reported to and usually more then once. Often this process takes months or in some cases over a year depending on the number and severity of the items being reported. You see, everythime you dispute an item with a bureau, the bureau must investigate and verify it with the source that reported it. They have 30 days to do this. If they dont receive a response, then they must delete it. You may get reverified two, three four or more times, but eventually with persistance you will prevail. The same website as listed above, offers a inexpensive credit repair service and a free credit repair kit on their website.

Service info:
http://www.expert-credit-advice.com/credit_repair_service.htm



Free kit info:
http://www.expert-credit-advice.com/free_credit_repair.htm

Remember, anything worthwhile takes time and effort.








































Good Luck

Answer 3

Find a friend or relative with godd credit. SOme one who has a credit card with a low balance and high limit that they have had for a long time. Tell them to add you as an authorized user. It cost them nothing and does not hurt their credit. You don;t use their card. The way it works is that the credit company will report their good standing on your report as if it was you making the payments all along. If thyey had the card for 5 years, then it looks like you had the card for 5 years too. Just make sure your friend stays current because if they do make a late payment it will bring your score down too.

Answer 4

Read my book this January "When Bad Credit Happens to Good People" . It has many great ideas, and tips to both start credit, and raise your credit score.
Whatever you do DO NOT listen to Shawn. VERY bad idea to let someone else piggyback on your credit. They can easily get thier own card, and make charges, remember you gave them permission. You would have NO recourse either and would be responsible for the debt.

Answer 5

Common Sense!!!
Don't spend more than you have & pay your bills on time...
I know they say the best way to get a higher credit score is to be in debt, but I don't buy it.
If we used our credit cards, we make sure that we will pay them off when the statement comes. I do not want to pay $150 for a shirt or whatever that cost $62. But that is what happens when you buy on credit & make minimum payments.

Answer 6

pay your bills each month on time
all of your bills
try to avoid lump sum payments if you can
most places want to see that you can manage regular payments and if you always pay things totally off the messes up your credit
because like i said they want to make money off you and if you pay things off they would not turn much of a profit cause you have avoided their interest rates
so make sure that you make payments on a regular basis and don't miss them

Answer 7

call your bank and ask them for either a credit card or a line of credit

Answer 8

Unfortunately it will take time to heal a problem like that. Just keep paying all your bills on time. Good Luck!

Answer 9

start paying off what ever bills you have and dont tap in the your credit ...that will lower it

Answer 10

I have heard that a cell phone is a good way to build credit....