Anyone know secret tips to raising credit scores?

Question

How can I have paid negative accounts deleted? Is there a way to do it without having to wait years?

Answer 1

Call the credit companies & explain that they've been paid. You may need to supply proof.

Answer 2

The biggest factors in credit score are paying on time, debt as a percent of total credit limit, and average age of accounts. You should also not have more than 2 credit cards. Having department store credit cards hurts your credit score. I have been building credit models for my company for awhile now and we look at about 150 different variables that are captured, but the previous ones have the highest impact.

Note: Opening up more accounts will decrease your debt as a percent of total credit limit, but will severely decrease the average age of your accounts.

Also never negotiate with a credit company to have a balance cleared for a smaller payout. For example, you have a $25,000 balance and you haven't been making payments. So the credit company will say pay us $2k and we will forgive the other $23k. The loophole for Uncle Sam is that the $23k becomes INCOME and you will have to pay taxes on it and Uncle Sam is not forgiving.

Answer 3

The fastest way to raise your score is to use a credit card regularly every month and then pay it off every month. Don't go overboard - just put normal stuff on there that you would usually pay cash for, like gas or groceries.
As far as getting old stuff off of your credit report, either you have to wait seven years or you can contact one of those companies that 'clean and repair' your credit for you. You have to pay for this service. If your accounts are already paid off - I probably wouldn't worry about them. Just work on building your good credit.

Answer 4

there's no common restoration to recuperating your score that lots in a count of months. There was a loophole that made the information so the credit reporting agencies closed it. the only factor you're able to do is pay each and every thing down. in case you have any sequence products reporting on your credit get those dealt with. have not got a gaggle of agencies pull your credit. That shows which you're paying for for credit which impacts your score and could strengthen some flags with some lenders. regardless of if this is genuinely mandatory which you get a house approved in some months it incredibly is going to incredibly be difficult fantastically with lenders tightening their lending regulations. i choose for to propose you wait a whilst till your loans are paid off and any sequence merchandise(s) has been dealt with. good success!

Answer 5

There are lots of ways to accomplish what you want but only 1 best way. If you have lots of time and persistence, you can take a stab at it yourself. I believe, however, that your credit is at least on the same level of importance as taxes (which most people have professionally completed). I know of a non-profit company that does all the leg work for you and hopes to improve your score 90 points in 90 days.

Answer 6

I'm in a similar situation. After having excellent credit all my life I was "downsized" and my credit went to heck over several years of over using credit cards. Although there appears to be no way to speed up improving credit scores you can still get credit at not exorbitant rates buy providing documentation to lenders showing that you are not presently a bad risk. It may be a blessing in disguise because you will likely not fall into the same trap of abusing credit cards in the future, it worked for me. Seven years can pass quickly. Hang in there and don't fall back into old habits. Good luck.

Answer 7

f your accounts are negative, due to you being late on payments. You have a easy Chance. If your accounts are written off...I really don't know what to do about those..well, first, pay them off still. Talk the persons who wrote them. off..and they will tell you what to do. Because if companies see you have paid them off..that starts to look good.Write your credit bureau to see what is next and how do you get them off. Now if you just paid slow all you have to do is start paying on the due date or before it. After about six months you will start to see your credit score raise up. Don't forget if something is written off contact the company to see what you need to do about them. You will see your score go up if you STAY Focus. How do I know I had to do the same thing. You can do it.

Answer 8

Send dispute to credit agencies, sometimes they will delete them. Also depends on how old they are. Another suggestion is to get someone with a good credit rating (*past and present*) to put you on their credit card account as authorized user (good friend, family member). Make sure they understand that you will NOT use the account-you just want your name on the account. This will start reporting on your credit report as positive.
Good Luck!!

Answer 9

No. You have to wait for the negative accounts to disappear. It usually takes like 7 years.

Answer 10

Paying off debts and paying on-time = the trick...