2006-12-15 06:23:13 · 7 answers · asked by Babes 1 in Business & Finance ➔ Credit
Paying as much money as you can towards your debts. Opening up another credit card won't raise your score much if anything at all. The score may slightly rise due the fact your debt to available credit ratio will improve, but with each credit card you apply for, your score will slightly go down...so the rise in score will most likely not offset the extra score damage you've done.
Pay the minimums on all the payments except the smallest debt. Concentrate all your extra money on the smallest debt. you will pay it off quicker and for each debt you pay off, regardless of size, will increase your score...you're removing a debtor and your decreasing your debt to available credit ratio.
2006-12-15 06:35:03 · answer #1 · answered by dougzinboston 4 · 0⤊ 0⤋
Revolving debt is highly weighted in FICO scoring, so paying down your credit cards is the best way to raise your score.
2006-12-15 06:30:33 · answer #2 · answered by Kevin K 3 · 0⤊ 0⤋
each month you pay on the bills you already have will make your credit score go up.
2006-12-16 05:16:30 · answer #3 · answered by Bobbie 4 · 0⤊ 0⤋
By paying your bills on time and paying off any you already haven't!
2006-12-15 06:25:21 · answer #4 · answered by wish I were 6 · 0⤊ 0⤋
Sorry, there is no quick fix for this one!
2006-12-15 06:30:33 · answer #5 · answered by ? 3 · 0⤊ 0⤋
pay what you have on time & catch up any delinquents
2006-12-15 06:28:51 · answer #6 · answered by ricks 5 · 0⤊ 0⤋
pay down all your balances
2006-12-15 06:34:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋