WHAT CAN YOU DO TO RAISE YOUR CREDIT SCORE, AND WHAT SHOULD YOU BE LOOKING OUT FOR
2007-06-25 16:24:44 · 7 answers · asked by exotichic 1 in Business & Finance ➔ Credit
There are lots of great ways to increase your credit score. This website has some really good advice:
http://www.creditcardtipsetc.com
2007-06-25 16:31:32 · answer #1 · answered by Writer of Truth 4 · 0⤊ 0⤋
To raise your credit score you need to show proof that you can be 'trusted' to pay on time. Get a credit card and pay it off on time repeatedly, get a loan and pay that off on time, anytime you work with a credit card company or a bank they report to a credit agency whether good or bad.
2007-06-25 23:28:08 · answer #2 · answered by Celesta 3 · 0⤊ 0⤋
Credit repair to correct errors, delinquent accounts, and other negative items. Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.
2007-06-26 11:15:33 · answer #3 · answered by stephen l 2 · 1⤊ 0⤋
to raise credit score
1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.
4. I was told by an underwriter that having just two cards, a major credit card (VISA, MC) and a consumer card (Sears, best buy, etc...) is the best mix for revolving credit.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.
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http://www.bestcreditrates.net
2007-06-26 01:12:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
buy a house. but then again...you can't get a loan for a house unless you have 'good' credit in the first place.
i've noticed my fica score went up when i started using (and paying off) my credit cards more. weird; no debt is bad credit--too much debt is bad credit, too.
2007-06-25 23:29:09 · answer #5 · answered by Extra Ordinary 6 · 0⤊ 0⤋
Pay your bills on time.
Keep the debt to income ratio from going up unless absolutely necessary.
Don't pile up a ton of credit cards.
2007-06-25 23:28:45 · answer #6 · answered by cattbarf 7 · 0⤊ 0⤋
pay your bills on time, every month
2007-06-25 23:40:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋