how can i make excellent credit score higher? For some reason my credit score dropped 12 points in the last year. I have no late payments and zero balances on all my credit history except 2, those balances arent high. Now i know looking at your credit report takes points away from your score. What can i do to make my score higher and fast?
2007-03-17 10:33:44 · 5 answers · asked by Chunkerbutt 2 in Business & Finance ➔ Credit
i havent looked at it in a year... and i have also called that number to have consumers stop sending me offers in the mail...they said that your credit score should go up atleast 5 points if you do that. so whats the deal?
2007-03-17 10:45:32 · update #1
Opting out has nothing to do with your scores.
When you pull your own report it will not hurt your scores since it would be a soft pull not a hard pull - unless you have a company pull your reports for you. (some people make that mistake. They may have a friend in a business that can pull reports so they ask them to pull a report for them - which results in a hard pull)
If you are not getting your scores from myfico, then the scores you are getting are not true scores. Many times those other scores are off by a point or two to being off over 100 points.
Fico scores themselves do tend to fluctuate from time to time, sometimes for no apparent reason.
If you had a less amount on your balances the last time you pulled your scores, if you had applied for credit, if the new credit started reporting, etc., that may be a reason for the drop.
You might also check to see if your store cards (if you have any) are still active if you hadn't used them in the past 6 months or so.
2007-03-17 12:05:56 · answer #1 · answered by echo 7 · 0⤊ 0⤋
every time you try to buy some thing your credit get check too much inquiry other than a house buying make you loose credit score and if you have credit card they also report every monthly and having a balance more thanhalf than a limit cause loose of points. use your credit cards and pay in full. and try to open a secure card also and don't co sign for any one and wait for few months and you good to go. also credit score differ from month to month due to reporting by lenders
2007-03-17 17:54:14 · answer #2 · answered by Gagandeep S 1 · 0⤊ 0⤋
Building a good credit can be done in various ways. If you are fed up of the collectors tirelessly chasing you to pay your debts or if you are disappointed at your loan application being turned down, because of absence of credit history, you should learn how to do build your credit. The most important thing to remember is not to buy unnecessary items. Do not convert your ‘want’ into ‘need’, as it can drag you deeper in debt. If you are looking to build credit and do not have any history, set your priorities properly.
2007-03-19 04:34:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Make sure you balances are 40% below the limit. When YOU pull your credit report it does'nt hurt your score. The best place to check your score is www.equifax.com. This is your FICO score the only score that truly matters.
2007-03-17 19:57:32 · answer #4 · answered by MissLibra 2 · 0⤊ 1⤋
well you hit it on the head. stop looking at your credit score...chiiiiill out. it also drops WHEN OTHER'S LOOK AT IT.
2007-03-17 17:41:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋