how do i get my credit score up to 700or more?

Question

my credit score is 645 on experian and 638 with equifax. I went through a divorce and have been rebuilding credit i have two credit cards one with a 0 balance just paid in full and one withan 83.00 balance. i pay them on time every month and have had them both for a year. i also bought anew vehicle in december i pay everything on time. i also have 600 left on a closed orchard bank account left to pay which will be done this month.

Answer 1

For getting any kind of loan Credit History is much more important than credit score. Often, the lack of credit history is equated with bad credit. You should be aware that lenders will go through your credit report once you apply for loan for buying a house. Therefore you should polish your credit report. Anyway, in order to establish a good credit history and at the same time risen your credit score in a short time do following things:

1) Close all of your credit cards but one. It reflects in your credit report and it is a very good sign. For instance say that you have 5 credit cards with $1000 credit limit for each. Therefore you are responsible for $5000 of possible debt. But when you close 4 of them, now you are only responsible for $1000 of debt which lowers the level of risk of lending money to you.

2) If you have any loan, like car loan or any balance on your credit cards, try to pay more than your monthly payment for 6 months or something. I mean say your monthly due on your car loan is $150, try to pay $250 each month. Lenders can see these trends in your credit report and they see that you’re a responsible borrower.
If you don’t have such loans, I suggest getting a $3000-$4000 loan and paying it off in full in 5-6 months. You might pay $200-$300 of interest but you will save thousands of dollars in your home mortgage and interest rates.

Also checkout http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php
There are lots of articles there, related to your question, which you can find useful to boost your credit.

Answer 2

Before paying the 600 Orchard card, dispute it. Even if it's only for an intial not used properly , or simply, I do not recall these charges. Better to remove it then pay it and have it still show on their. You want to keep a balance of approx. 100-150 on your card and of course pay greater than the min. payment due. On time payments are for obvious reasons, but the zero balance leaves you open for the potential to create a mass debt so you want it to show usage. Be sure to dispute inquiries, addresses and alias's as well because they also count against you. Also, you may want to submit a brief explanation letter to your credit report for others to recieve when they pull your credit.

Answer 3

credit enjoying cards in elementary terms checklist to the credit bureaus as quickly as a month and in elementary terms what shows on your account at that factor. Making prompt cost after costs will probably effect in no utilization being suggested. you ought to have utilization suggested to construct your credit. merely use the cardboard for in many circumstances happening purchase and pay the assertion stability in finished each and each month. It rather would not make distinctive difference how lots you fee on the cardboard each and each month. besides the fact that if, in case you consistently use 80%+ of your minimize and pay the assertion stability in finished each and each month, in approximately 9 months or so, the cardboard might boost your minimize -- presented that may no longer a secured card. after all, that new card won't even start to count quantity on your FICO score till you employ it for 6 months. Even after a 12 months, you will no longer have lots score. It takes YEARS to construct sturdy credit. you desire a minimum of 24 months of consistent, on time cost historic previous to work out an honest score. There are no longer any shortcuts.

Answer 4

you are doing good you should applaud yourself

here is another little helper
go to a bank and see if you can get a small loan of 500
or 1000 put it as a signature loan they are for 30 days and must be pd in full after the 30 days
put the $ in the bank after you get the loan you will get a few cents in interest but its safe
pay off the loan on day 26-28
this will help bring it up

also making small purchase on your 0 balance and paying them off like gas for 20.00 or a small dinner for 30.00

that will help too

Answer 5

I found my credit score raising to slow for me. So I started paying just a little bit above the minum. Like 5.00 and it made a big diffrence. but I lost 1 credit card because I didn't use it and it dropped my credit score big time. so make sure you use your 0 balance one atleast 1 time per year. Hope this helps. I watch mine monthly.

Answer 6

Sounds like you are doing everything right. Try to use each card once a month, and make sure you pay it off every month. That really helped my sister.