How can you improve ur credit score? No gimmicks?

Answer 1

In order to build up credit and establish a good credit, you must show a number of stabilizing attributes. Most notably, your report must prove to the lender that he will get his money back. Here are some suggestions:

OPEN A BANK ACCOUNT
Open a bank account and use it responsibly. This is the first step in establishing a financial history.

CO-SIGN
One way is to piggy-back onto someone who already has a good credit history established and is willing to co-sign. Once the co-signing has occurred, you simply make payments on or before the due date. In time you will have established a credit history.

SECURED CREDIT CARD
Apply for a credit card. Shop around and only apply for a card if you can meet the lender's requirements. Responsible use (spending within your budget and paying your bill on time) will help you build a good credit history.

DEPARTMENT AND GASOLINE CREDIT CARDS
Since gasoline credit cards are not revolving (cannot carry a balance forward month-to-month), often they are easier to obtain than regular credit cards. Similarly, some department stores offer revolving credit for a specific purchase and this is sometimes easier to establish. It is also a great way to establish credit.

This website can be very useful for you:
http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php?page=1&category=7

Answer 2

First of all, if you have no debt, keep it that way. If you do, pay it off as quickly as possible. If you have poor credit, no credit, or slow credit, there are various things you can do. Don't fall for those companies who want to negotiate your debt down with your creditors. That will only damage your credit. Once you have no consumer debt, not including mortgage, viewed as asset if payments made on time, you can maintain one credit card. Make purchases on that card only if you have the cash to pay it off at the time of your purchase. Then when the statement comes in, pay it off. If you charge too much for you to pay it off immediately, make sure you do not use it again until the balance is zero. Always pay at least 15% over minimum payment.
You can also take out a high risk secure loan, and not buy any thing with it. Put it into a high yield savings account, then make payments from a separate account for 6 months. Then once the savings accrues interest, start making combined payments. On from your normal checking to cover the payment schedule, and one from the savings account for the same amount, which will go towards principal only. You'll pay off the loan early, which is good, and you'll save interest you owe, which is good, and you'll end up with some money left over in your savings account with earned interest, which is great.

Answer 3

The ONLY way to improve your credit score is to continue making payments on time. Do not get lines of credit and not use them. This will lead to a lower credit score. It doesn't matter what your balance is, only that you continue paying as agreed. It doesn't need to be under 25% of the limit or anything like that. Your card can be close to maxed out all the time and not affect your score one bit as long as you keep paying on time. Beware of overlimits, though, as this will reflect poorly on you. It's also a viscous cycle because the fees cause you to be more and more over your limit. I do not recommend to any of my clients that they have more than two credit cards that they use for purchases regularly. I recommend one with a higher limit for emergency spending or long-term payment, and one with a low limit for incidental purchases that is payed off every month in full. More than these two credit cards can become dangerously confusing for people trying to repair their credit and the finance charges these days are just too high. Try to consolidate if you can, and continue paying on time.

In short, the only thing that will improve your credit score is time. Credit is designed this way on purpose. It is meant to reflect the responsibility of the credit holder. It is not something that can be cheated or tricked. There are no ways to trick your credit score or history into being higher or better. Any product that claims to do this is probably just a scam.

Answer 4

Credit scores consist of these basic factors, in order of their importance:

1. Payment history.
2. Credit ratio
3. Credit inquiries
4. Length of credit history

To maximise your score, make sure you always pay at least the minimums, on time.

Keep your credit used to credit available (credit cards, car loans, store cards, etc) to under 25% of your total available credit.

Do not apply to for credit very often. Lots of inquiries into your credit bureaus reduce your score.

Keep your oldest credit card open forever. The longer your clean credit history, the better.

Answer 5

The first and the most important is to pay your bills on time! I mean all your bills, not only credit card bills. You credit score keeps track of all credit card you have any loans you get even if you pay phone bills on time. Besides you should check your credit report: according to statistic 74% of Americans have errors in their credit reports. So, check you credit reports (from 3 major credit bureaus) carefully.
Besides it is very important to apply for credit card that helps you improve your score instead of damage it. So if you have bad credit the best way is to find a co-signer if you can't apply for secured credit card http://www.credit-land.com/1018/1018_page_13372_32279.php
Surely you can aply for unsecured credit card for bad credit but the credit limit would low and this kind of cards provide tremendous fees. Avoid decling of credit card applications it can lower you score.
Besides you can read these articles:
This article on how to reestablish you credit history and improve credit score http://www.articlealley.com/article_127892_19.html
Article "What's the Score" http://www.credit-land.com/articles/articles_page_4420_171500.php
Article "What can I do to improve my credit score?" http://www.credit-land.com/articles/articles_page_4420_23674.php

Answer 6

It takes a very, very long time to improve your credit score - much longer than it does to damage it. The trick is to make all your payments on time or before they are due on a consistent basis and to keep your debt to income ratio as low as possible.

Answer 7

The most important thing is time. Sometimes all you can do is wait for your revolving accounts (credit cards) to be open for a long period of time. And try to open other accounts that aren't revolving, like car payments.

I used to work at a bank, and this helped me raise my credit.

Answer 8

listen to laisse his idea sounds good. You can go up to 50% of your credit line though. Try to get a card that you pay in full or at least pay more than the min. even if its only be a dollar it still helps. try it and see.

Answer 9

pay your bills... contest anything that's on your credit report... and keep your nose clean.

DON'T apply for a lot of credit over a short period of time, I tanked my credit score by doing that, and it took over a year for it to recover.

Answer 10

Sure, pull your credit report...and start paying off what you owe.