I screwed up years ago and I've already paid off those bad credit card debts. The only debts I owe now are a student loan (always paid on time), a new credit card (paid on time and only used for emergencies), and a car payment (paid on time).
How do I get my credit score to go up?
2007-01-18 01:35:57 · 14 answers · asked by madeinguam 2 in Business & Finance ➔ Credit
it is going up, slowly, month by month. The differences really show up at 6 month intervals.
2007-01-18 01:44:24 · answer #1 · answered by Anonymous · 0⤊ 2⤋
negative information stays on your record for 7 years. Sorry, there's really no way around this. All you can do is check to see if those old debts still show as being unpaid charge-offs, or if they say "debt paid." Make sure they all say debt paid. Some creditors will give you a break and look at only your past 2-3 years to see what you have done, but your score is assigned by the reporting bureau, and cannot be changed until those old debts fall off from age. In the meantime, don't apply for credit that you're not absolutely sure you need, as every inquiry from a creditor lowers your score a little.
2007-01-18 01:41:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
We just went through this! We eliminated 10,000 in bad credit by paying it off but our credit scor ewas stil low. we went from a score 200 to a score of 650 in 6 moths. Here is how we did it. I was told by a professional that one of the best places to go is to a furniture and/or jewlery store. make a purchase and pay on it every month ON TIME maybe a few ays early and then once you reach 6 months pay it off in full. You have to pay on it for at least 6 months or they won't report it to yur credit. I was amazed at what that did!!! we also got a SMALL 1,000.00 car loan and payed it off in one year. That also looks amazing on our credit. we went form nothing to being able to purchase a brand new car @ 5.7% and are building our own home. with an income of less than 25,000! I hope this helps you some! Good Luck, and Take Care
2007-01-18 02:09:12 · answer #3 · answered by mommy_of_2 2 · 1⤊ 0⤋
Always make your payments on time. You can increase your credit score many ways. One is to take out a very small loan (under $2,000), and pay it off quickly with monthly payments. This shows credits you are credit-worthy. Don't get any more credit cards! That's the way you get behind the credit "eight ball."
2007-01-18 01:39:45 · answer #4 · answered by Anonymous · 0⤊ 1⤋
what ever you do, dont apply for a credit card over and over, it looks bad, keep requesting your credit report and keep an eye on it. I started with small credit cards like ikea and made sure I paid t off. It took 6 years to clear.
2007-01-18 01:43:57 · answer #5 · answered by Trac2100 3 · 0⤊ 0⤋
you just have to keep paying on time and it will eventually go back up also you have to use the credit card for more than emergencies to see it go up. im not saying go out and spend wildly but you need to use it maybe once or twice a month and then pay it off. remember you cant build credit with a credit card if you barely use it. hope this helps
2007-01-18 01:41:21 · answer #6 · answered by links305 5 · 1⤊ 1⤋
If you are interested in the easiest way, leave it to the professionals.I recommend credit repair unless you have lots of time and a high tolerance for aggravation. A quality company will be a non-profit, offer a money-back-guarantee, and commit to raise your score up to 90 points in 90 days.
2007-01-18 02:16:21 · answer #7 · answered by CALIFORNIA GOLD 3 · 0⤊ 1⤋
Your car payment alone will eventually bring your score back up. If you have a credit-card through your bank that will also help. If you need further help try signing up with citi-group credit monitoring. All three credit bureas show up with Citi group. Hope this helps.
2007-01-18 01:39:46 · answer #8 · answered by Support Breast Cancer Research 4 · 1⤊ 1⤋
One way is to keep on spending on the card and paying back on time - soon get your credit card score to go up.
Hope this helps
Kind regards
Good luck
2007-01-18 01:40:03 · answer #9 · answered by Police Artist 3 · 0⤊ 0⤋
Time.
If have an explanation for those past sins, you might wish to include that in a letter that will be attached to your credit report.
All the rest of the gambits are generally hoaxes and con jobs. Jeez, like TRW et al haven't seen all the tricks by now?
2007-01-18 01:38:56 · answer #10 · answered by geek49203 6 · 0⤊ 1⤋
Definitly check your credit report at annualcreditreport.com, this is a free report that you can get from any of the three major credit bureaus. Then check it over, if there are negatives call the company and ask to have them removed.
It takes awhile, but it's FREE to do.
2007-01-18 01:39:52 · answer #11 · answered by Bean 3 · 0⤊ 1⤋