how do i get my credit score up?

Question

my wife and i have paid everything on our credit reports, and yet the hits are still there. i dont know how to fix this and its costing us thousands of dollars. someone please help us

Answer 1

Don't apply for too many new accounts. Inquiries can be killers. Other than that, pay everything on time, and the black marks will drop off after seven years.

Answer 2

You can work with the credit companies to clean it up.

Then here is the recipe to getting a GREAT credit score - easier if you haven't already screwed it up, though.

Charge a small amount on a credit card. Make the minimum payment for the first month, then pay it off the next month. Charge a small amount again. Make the minium payment for the next month. Then pay it off again the following month. Do this over and over again, always paying the complete balance off after one or two months of minimum payment. You will start getting more offers from other companies, and the credit company you already have will increase your credit line.

As long as you always pay off every credit card balance at least once a year, you will have fantastic credit. If you can't do that, you should not use credit.

Answer 3

If you have paid off all your bills, your credit score will start to improve.

I don' t know what you mean about it costing you thousands of dollars. Do you mean extra fees and higher rates charged because of poor credit.

If so, you will have to live with it for a while.

Credit scores are based on your repayment history, the length of time you have had credit, how much of your available credit you use and how much new credit you apply for.

If you pay your bills, use about half of your available credit and don't apply for new credit, your score will start to rise. More recent events are weighed more than older ones and the rise can be rapid.

Answer 4

The best way to increase your credit score is to pay bills on time. Then also avoid applying for lots of credit as this will lower your score each time a prospective creditor checks into your credit report. There are what you call hard and soft hits, it's the hard one that affect your report.

Answer 5

Do you still have some kind of open credit? If you do, make your full payments on time or early, and whenever possible, pay over the amount to the principle part of the loan (not interest).

For past debtors, contact them and see if they will strike your bad history from the credit reports now that they've been paid off.

When you're able, get a small signature loan for something, and make full payments on time. We got one for something we'd be having to pay for anyway. It saved us a lot of money on interest.

Credit problems can stay on your credit report for up to seven years, so be diligent with the bills you have, paying them in full and on time, and be patient. It will all get clean eventually.

Answer 6

The only way I know that can get your credit score up is by paying off all your debt ON TIME. If you keep paying your credit card debt after the due date, then you would be considered by the credit bureaus as having bad credit.

After paying everything on time for a while, you can call the 3 major credit bureaus and ask them could they fix your record now.

Hope this help.

Answer 7

NEVER pay anything late, including your general living bills, such as rent, utilities, etc. Do NOT apply for credit for awhile. What you DO buy on credit, limit it to what you're able to pay off MONTHLY. After a few months, check your credit score and see if it's improved any. Also ensure all your credit info that's been reported is correct! We had an old item on our records that we were unaware of, and it was hurting us. Once that was cleared, life became much more pleasant.

Answer 8

any bills you paid should have been updated on all credit buruas they reported to. But paying them doesn't remove them it should now reflect paid as agreed. it may take a couple of months to update. my suggestion is wait for 1 month or 2 then get your credit report agian. if it still has not been updated write letters to the credit buruea about each of your paid off bills. they will then investigate and get back to you. This takes 30 days. I believe they will update to paid unless they can prove it wasn't

Answer 9

Pay all your bills on time, expecially your car notes, house note, and credit cards.

Do not cancel any long term accounts, but do not open any new accounts either. Opening new credit cards can lower your score. While keeping really old credit card, even if you do not use them, can raise your score.

Answer 10

Try using one of these companies to help improve your credit score. You have to pay, but if you are having trouble it's well worth the money in interest savings. The free ones make you sign up for all kinds of crazy things. You get what you pay for in the end so don't skimp on it. Good luck!

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