Do you think i could build my credit in 11 monthes?

Question

I'M not looking for my credit score to be perfect but at least 600-650 can any one help me

I have no credit but just got my first credit card need to build my credit in a year

Answer 1

Open checking and savings accounts
Having these accounts establishes you as part of the financial mainstream. Lenders want to know you have a checking account available to pay bills, and a savings account indicates you’re putting aside something for the future.

Get your credit report -- if you have one
Next, you need to find out how lenders view you. Most base their decisions on credit reports, which are compiled by for-profit companies known as credit bureaus. Typically, a credit report includes identifying information about you, such as your name, address, Social Security number and birth date. The report may also list any credit accounts or loans opened in your name, along with your payment history, account limits and any balances you oweSome credit reports include errors -- accounts that don’t belong to you or that include out-of-date or misleading information. You should read through your credit report and note anything that’s incorrect.
Add positive information to your report
The more information you can provide about yourself, the more comfortable lenders may feel extending credit to you. In addition, certain information -- such as having the same job or address for a few years -- can make you appear to be more stable in lenders’ eyes. While this information isn’t used in creating your credit score, it’s often used by lenders in addition to credit scores to make lending decisions. You may also find that your report doesn’t include credit accounts or other information that it should.

Answer 2

It can take some time to build a credit score, but you can start today. Make a point of making all payments a few days before they're due. If you want to get credit for, say, a house in 11 months, a good way to pull that off would be to also be able to show the bankers how you have turned your act around. Besides making prompt payments, go over your budget with a fine-toothed comb. Make some real sacrifices; take the money you save and put it into a savings account. Then, when you talk to the banker about a home loan, show him or her where you made the changes. Bankers have a lot of power to recommend loans when they see someone who is worthy. Go for it!!

Answer 3

What is your current credit score? To build to the 600-650 range it shouldn't be difficult. Have you had bad credit issues in the past? I recently helped a friend build their credit from the low 500 to the low 700 range in just under a year. So it is definately possible. One thing to keep in mind, the lower your credit score is the more "little things" will help increase your score. Once you get to the 700 (and above) range it usually takes "bigger things" to increase your credit score. GOOD LUCK

Answer 4

Now that I have the rest of the story, yes you can.

Use your credit card for every day purchases like gas and food, be careful never to exceed 30% of your limit in any given month and make sure that you make your payments in full before the due date.

By doing this you should have your score in the 600 range within 11-12 months.

Answer 5

My credit score was 505 in Aug of last year now its 711 like everyone said only put on you card what you can pay off at the end of the cycle or make double the min you owe and pay beforee it's due. Remember you lived without a credit card befor forget you have one for in pulse buying ESPECIALLY
if your going malling (shopping) with your friends LEAVE the credit card at home you'll be glad you did. Good luck

Answer 6

If you have no credit and just got your first card, get one more card. This will help you build your credit history faster with 2 credit cards that report to the credit agencies.

Answer 7

Since u just got your first credit card, start buying small things like gas, food, or buying something no more than 50 dollars.. and pay it off when u get your bill and in 6 months or so your credit will be looking good..

Answer 8

How bad is your current credit score? If in the 500s, it will take more than 11 months of good history to offset the fact that you've not paid properly for probably longer than that. However, if you make the effort, you're more likely to find creditors who will look at the current trend to offer you a loan.

Answer 9

Oh, I'd make purchases that you can pay off each month. Think long term when thinking about your credit future! Just keep paying your bills on time don't get over extended. Your score will reflect your habits in the future!

Answer 10

Make all your payments early or on time, pay them off or pay more than the minimum amount due, bring down your debt to income ratio, and what ever you do, don't let creditors, banks, etc. run your credit. Each time they run a credit report it brings down your beacon. If you haven't already done so, run your credit report yourself and make sure there is no inaccurate information or disputes on it. If so get them cleared up ASAP.

Stay diligent and thrifty and you can do it.