How do you get your credit score up?

Question

How do i get my credit score up enough to get a house with little or no money down?

I don't really understand it much and I don't have any credit yet but is there a way to get credit quickly within a few months time?

Answer 1

It will take longer than a few months to build up your credit score high enough. Start by applying for department store credit cards and pay them off as you go. Then you can get a Visa or Mastercard. Get a small loan from the bank and pay it off. Or get a car loan and pay it off. You have to develop a good payment history before a lending institution will give you a mortgage at a decent interest rate. Sub-prime lenders will give you a much higher interest rate and tack on all sorts of additional fees because they lend to people who are poor credit risks.

Answer 2

To get a house with little or no money down you can negotiate with the seller or get a sub-prime loan. Good luck with either.

To get a loan from a bank, you will need more than a few months, but start with getting a credit card and paying it off each month.

Answer 3

you may try hud.gov they have many programs as far as credit some banks and loan companies want years of credit experience so if you know someone with a really good credit history on a revolving account like credit cards they can add you as a authorized user and it will be reported on your credit for the same length and time and good credit that it shows on theirs. THIS IS A MILLION DOLLAR ANSWER I KNOW CREDIT REPAIR COMPANIES THAT CHARGE A LOT FOR THIS INFORMATION. SO PUT IT TO GOOD USE AND GOOD LUCK.

Answer 4

ALWAYS ALWAYS ALWAYS pay your bills on time.