Is it possible to raise your credit score by 100 points in 1 year?

Answer 1

Most definitely yes. I am guessing that you do not have 600+ score. There are however alot of work you have to do to achive that.
First, check your credit report for any mistakes, delinquencys and past due accounts that need your immidiate attention. File a complaint and persue an investigation to correct any mistakes and you must pay off any delinquent or pass due accounts and make all your credit account to current and on-time.
Second, open up a secured loan from a bank or a credit union where you have an account with so it's easier to pay the bills on-time(on-line bill pay is easiest). The way I did is after purchasing a Cash Deposit(CD) I surrendered it to the bank for a collateral for the secured loan. They are happy to give to 80-100% loan against it. Just make sure the bank is okay with that before you make that CD purchase. Its usually the best to make a 12 month loan and pay off early like in 9 or 10th month.
Third, keep anywhere between 4-6 open credit in good standing with less than 30% of credit used up. Stay away from dept cards as they do not help with your credit score eventhough they are easier to get. Its like buying a nonrefundable, nontransferrable gift card you can only use at one store to get into more debt.
Lastly, but not least once you get your score up there keep up the maintainance of credit and pay all bills on time no matter what. You will feel good about having good credit and knowing that you will always have credit when you need it with very competitive interest rates.

Answer 2

It's possible. Credit scores can fluctuate by 25 points per month without many changes in behavior. If you find errors in your credit report and correct them, that could raise your score quite a bit. Otherwise, keep a good debt-to-credit-limit balance and don't seek out new lines of credit. Pay bills on time and pay down debt.

Answer 3

Yes it is. It is also possible to lower it by that if not more just as easily. Two ways. First is to make continual payment each month to pay off your collections till paid off, then open a secured loan through your bank, maybe for 300. Then work your way up to larger loans. Second way (faster if you have the money) pay all your collections off at once. Then start a secured loan and work your way up to larger ones. this is safer than credit cards because you get the money you put down for the loan once it is paid off. That is how I did it. I went from 475 up to 612 in about 4-6 months. Good luck!

Answer 4

Yes but it really depends on your current credit score, what is showing on your credit, and any lines of credit you currently have. The best way to raise your credit score within one year is if you have negative items that are being removed (old or incorrect) and current positive credit. Good luck!

Answer 5

It's possible, but it depends on the type of trade lines you carry. What I mean by that is are you carrying all credit cards, or a installment loans, mortgage, things of that nature. It would be harder to raise the score if the types of trade lines aren't diversified. I'm not saying that you have to go out to get one of these, not the case, but it definitely helps if you have a wide variety of credit that you're taking care of.

Answer 6

Very possible. But it depends on the reason why you score is low to begin. People with serious collections or bankruptcies on their reports would most likely be unable to move their score that much. However, people just buliding credit are able to drastically change scores with good credit use.

Answer 7

Yes.

Answer 8

I've done over 200 in a week...so yeah! lol'