Credit History?

Question

So right now I got myself into some credit problems. What I would like to know is, What is the quickest way to get my score up now that I have caught up on payments? How long does it usually take to get it back to at least FAIR?

Answer 1

It all depends on your financial / debt and credit situation.

http://www.creditboards.com/forums/

But- this online forum has tons of great ideas and answers. It is a step by step process, and you can make it happen with some effort! Good luck!

*******************************************

Answer 2

Number of things you can do:

1) Call your creditors and negotiate for lower interest rates.
2) If you have a lot on one card and little on another, move some from one card to another (negotiate for a low balance transfer fee if needed). That way, you reduce the amount on your credit cards below 48% each and it improves your scores immediately. It's best if you have below 30% on your credit cards, so:
3) Increase your limit. If you have a higher limit, then the amount on the card is lower, which improves your score.

I would get a credit report from each agency - rotating - once every three months. So, get equifax now and transunion in three months. That way, you can see how your credit is being reported every three months. Go to www.annualcreditreport.com. There are places that will tell you your credit score, but why spend the money?

By paying down your debts and taking this advice, you can improve your credit within a few weeks.