Does anyone know how I can raise my FICO score, Is there a trick that I may not know about??????????

Answer 1

REPAIRING CREDIT:
7 ways to quick fix your credit score: http://articles.moneycentral.msn.com/Banking/YourCreditRating/7FastFixesForYourCreditScore.aspx
http://articles.moneycentral.msn.com/SavingandDebt/LearnToBudget/7WaysToCommitFinancialSuicide.aspx
Establishing good credit: http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php
Consumer Credit Counseling Services: http://www.moneymanagement.org/FinancialFreedom/cccs.asp?RCTAG=LDCCS&CMP=KNC-gaw&src=MMIPD_google
10 steps to good credit: http://millionster.com/articles/debt/increase-fico-credit-score/2/
15 secrets from debt counselors: http://www.bankrate.com/brm/news/debt/oct06_debt_management_a1.asp

To pay off debt, increase your credit score:
1) not all creditors report to credit companies
2) if you are paying on them at all, it doesn’t look bad
3) most mortgagers understand/forgive a certain amount of medical and other bills
4) there is a HUGE difference in unsecured (credit card, hospital debt, etc) bills & secured (auto & home loans) debt.

to make sure your credit score keeps increasing
1) ALWAYS pay your mortgage (and any other set debts) on time
2) do not charge more than 1/3-1/2 of your available credit on credit cards
3) pay off your credit cards one at a time, starting with the one with the highest interest--then--when they are paid off--rotate through them to use to purchase gas and other necessities--go online immediately and pay for those purchases--
4) either take out a loan to pay off all of the outstanding debt OR set up payment schedules with all of teh companies and stick to them!!!

Answer 2

You have to check many more things than FICO score rating: FICO credit score ratings are calculated by using the formula designed by Fair, Isaac. The major credit bureaus call this rating by different names. It is the only thing considered by the creditors while deciding on your eligibility. But you have to remember that the ratings each bureau gives you will vary a lot as they do not use the same data for computation. Check your credit report from the major bureaus before deciding to go for a major loan like mortgage. Get any error rectified immediately.

Answer 3

Take a look at this link...it lets you estimate about what your FICO score may be. You can play around with the variables and see how each change may help or hurt you, as well.

http://moneycentral.msn.com/investor/creditreport/main.asp

The surprising thing, to me, is that establishing and keeping up with good credit seems to increase your score dramatically regardless of what old debts you pay or don't pay. Putting in high available credit lines and low balances made my "score" go up the most! I haven't gotten as far as trying it out yet, but I plan to.

Answer 4

There is a trick...you can have a friend or relative add you as an authorized user to a credit account that they have had in good standing. That credit history will then be reported on YOUR credit report. If it is a credit card with 10 years of on time payments, guess what, it will look like YOU had a credit card for 10 years with good payments. You don't need to qualify to do this.
Other than that, keep all your balances less than half of the credit limits, make all payments on time, and periodically check your credit report to dispute any items that are false.
Good luck.

Answer 5

There are several way to raise your scores. If you go to www.annualcreditreport.com and start disputing there, DO NOT DISPUTE anything that's REPORTED more than 6 months ago. These accounts are not affecting your score as much as they were as if they were reported within the past 6 months. DO NO PAY OFF ANYTHING, that's REPORTED more than 6 months ago, as this will drag your score down, same for disputing. You can also go to www.outoutprescreen.com and let them "stop" sending you new offers in the mail so they can stop pulling your credit as well.Do NOT have your credit pulled 3 times within 1 month, this also affects it. And of course, pay your credit cards down to AT LEAST half of the CREDIT LIMIT. They don't like it when you have maxed out your credit cards and/or you have got the balances close to the credit limit. Ask for credit limit increases, but don't use the credit card anymore for new purchases to get it close to the credit limit. E-mail me if you have any other questions, [e-mail]

Answer 6

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.