how do i improve a 650 score when i have 25k auto finance and 5k avail credit making 45k a year?

Answer 1

Takes time keep paying your bills on time, you mention that you have 5k available in a credit, but this is out of how much? If it is not less than 30% of your available credit then pay down those cards. FOr example if you have 20K of credit available on your cards but only have 5k left you are at 75% of your credit limit. It is not that amount you have, but the amount you use.

Answer 2

How many credit cards do you have? If any more than one, consider getting rid of all but one or having no more than two. Of the cards you keep, keep your credit limit down low. When you want to borrow money for something, the lender will look at the salary you make each year and then factor in the max you can charge on cards. For instance, if someone makes 45K a year, they certainly will be hesitant to loan funds to someone who can charge up to 10K on a card.

How did your FICO score get so bad in the first place?

Pay every single bill on time and not just on-time but early, if at all possible.

Also go to the website listed below and check your credit reports for free (it can all be done on-line and takes only a matter of minutes). Check over each report (there are three major credit bureaus) and notice discrepancies and get those dealt with.

The US Govt runs this website. On the website there is a blue highlighted link..this is what you click on to start your process.