how do i get perfect credit?

Answer 1

1. pay your bills on time
2. no late payments
3. make sure everything on your credit report is right
4. need at less 2 credit cards so they can see u can make payments
5. last it will take time to see this 6 month to a year

Answer 2

Credit scores are made up of the following'

1. Payment history 35%
2. Time in bureau 15%
3. New credit 10%
4. Type of credit used 10%
5. Debt to income ratio 30%

As you can see 1,2&5 are the most important score wise.

So you need a good long pay history made up of a mix of revolving (credit cards) and installment (vehicle/homes/personal) loans to get a good score and profile.

Never use more than 30% of your limit on any credit card in any given month, pay it either on time or before it's due, if you have a mortgage, same thing make sure it's never late and pay more than the payment when you can. This will reduce your debt.

Most of all remember it takes time. You can have a great score in 12-months, but to have a great profile, it will take several years of good credit management.

Answer 3

There are many things that can help you get perfect credit. If you don't have established credit right now, than you can start off with a company that typically does not take into consideration credit as a basis of lending, Like say Capital 1 use the card for like a good year so that you show that you are responsible as a consumer. Then move up to major bank credit or perform and finance a large purchase such as a car. By making the payments on a loan, having long term opened and established credit, and managing your money so that your debt Ratio is not high you can get close to perfect. Credit companies want to see utilized credit such as having at lease 1/2 of your credit limit utilized, on time payments and that your income can support your credit habits by at least 2 times. Quick debt ratio test; take all your credit card payments (minimum payments) and loans so on and add them then divide by your income before taxes; try to always stay below .45

best of luck

Answer 4

Perfect Credit? Almost nobody on this earth have perfect credit and that is even if you pay on time every month and skip a late payment. Make sure your credit is above 700 and you should be golden and colleteral if you need to make a loan. By the way my credit score is 720. I spoke to a banker they said its really hard to get a perfect score. Good luck!

Answer 5

I think you have a good goal (although perfect is not necessary and probably impossible), and if you follow much of the advice already given, you're score will be great.

This is important even if you never need credit because prospective employers will often check your credit as part of a pre-employment background check. Also, insurance companies often base a portion of your rate on your credit score -- a higher score generally means you are more responsible.

Answer 6

There is really no such thing as perfect credit. The highest credit score possible is 850, yet basically no one has that. I was told recently that anything over 700 is basically perfect.

Don't open and close credit cards, that looks really bad, only have 1 or 2 of them. Also, make sure not to miss any payments, try using online banking from Bank of America, you can set it up to auto pay your payments every month.

Answer 7

well first and foremost pay the bills on time, keep a few open lines of credit but do not keep their balances close to the limit. 1 or 2 credit cards are more than enough, do not max them out, pay them off every month. if you keep balances, pay more than the min payment.

Have a mortgage, it helps to have good debt. Meaning debt is you can write the interest off on your taxes. Do not overload your credit report with credit cards.

Credit scores go from 300-900

average is 670- good is above 720, if you can keep it above 660 you should be better than average!

hope this helps good luck!

Answer 8

Define 'perfect credit'. If you mean the highest possible credit score, it is nearly impossible and requires borrowing massive amounts of money. If you mean having all the credit you ever NEED available, the perfect credit score is NO credit score. Debt free with money in the bank = no credit score.

Answer 9

all the advices givenb above are excellent. I came to america in 2004, got a credit card and bought a pair of sneakers to jog in. I now have score over 750...pay your bills ontime and use credit cards wisely...follow the advices given above and you will do great. I like that quick ration test from the wells fargo guy.

Answer 10

If you mean perfect business or corporate credit go to

http://www.keltray.com/blogs/wordpress/

I worked their program, it's awesome and I ended up with two new company cars without using my personal credit. check them out.