Besides paying bills on time or a loan what is the quickest way to increase my credit score?

Answer 1

1. First get a free copy of your credit report from http://www.annualcreditreport.com . If there is anything incorrect you need to dispute it to have it corrected/removed.

2. Make sure you are not using more than 30% of your availble credit on your credit cards. That is if you have a total credit limit of $2000, you should not be using more than $600 at any time. Ideally you should get these down to a $0 balance, and then do item #4.

3. Keep paying your bills on-time. The longer you do this the better it looks

4. Keep your cards active. That is use the credit cards for everyday purchases that you would pay cash for anyways. Then at the end of the month pay the balance in full to avoid the interest.

5. Only apply for credit when you need it.

Answer 2

For those that told you to close credit cards are they are wrong, do not close a card if you must close a card make sure it is not the first card you opened and do not close any cards until they are all paid off! Creditors like to see 30% of your available credit used. So if you have 1000 in credit you carry a balance of 300 dollars. The biggest part of your credit score is how much available credit you have verses how much you are using. So closing a card will decrease the amount of credit you have and if you have a balance on that card it will be even worse. Second biggest part of your credit is your credit history so closing a card you have had for a long time will take that history away thus effecting your credit badly.

If you have to much credit out there and you have your cards paid down it is best to reduce the amount of credit you have on a card to the min that bank offers and keep it open but put it in a lock box and leave it there and don't use it.

The only way to get better credit really is to use the debt to available credit ratio is 30% and to pay your bills on time.

Answer 3

Hi,

With credit scoring, when someone refers to increasing their credit score quickly; the question must be asked,What do you consider quick? If you are referring to days and weeks, there is nothing credible that you can do to increase your score. However, if you are looking at the long term and you want to increase your credit score over say, six months to a year, there aer several ways you can do such.

Your credit score is made up of several factors. One way of increasing your score is to LOWER the amount of debt that you possess,i.e. mortgage, auto, credit cards,personal loans.

Obviously we are talking about paying on time. However, you really just have to pick out item(s) that you know that you can pay off quickly and not use. After paying off these items, allow them to lie dormant,i.e. credit cards and personal loans. Your credit score will improve.

Also, in checking your credit, if you have old or inaccurate information on your report; have it corrected or removed. Than you should see your score go up.

Answer 4

Are those credit playing cards? if so, attempt contacting the mastercard employer to request a pastime value shrink. in case you have been consistent with money and not late, they're now and back keen to conform. could purely be a million-2% shrink, yet any shrink facilitates. i've got carried out it until eventually now, so i know it is achieveable. Is there besides achieveable so which you are able to combine a selection of of of the charges, so which you at the instant are not paying in all places. extra effective to be waiting to concentration on one super debt then a number of small - medium charges. then you certainly pays extra on the extra advantageous charges and perchance see your over minimum (very advantageous) money. Your credit will start to pass up as your debt comes down. have you ever looked into debt consolidation? My sister did it and it did wonders for her credit document via the years.

Answer 5

you can get some good credit cards with low apr and some reward programs and then buy the necessary things with this card and pay the bills on time. You can also try some reward cards they are good. All these will make your credit good.
To know more you can visit
http://www.creditcardbiz.blogspot.com

Answer 6

Do not have to many credit cards open u will have to close some accounts that stay open..after u pay them off then just close them and that will bring your credit score up..also send more then the minimum payment...and also try not to open new credit..

Answer 7

If you have a lot of open credit cards with no balance, close some of them. That will make your score go up.

Answer 8

A huge portion of your FICO score is the debt to available credit ratio .
Lower your debt (pay off as much as possible) and your FICO improves significantly .

http://en.wikipedia.org/wiki/FICO

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Answer 9

never be late on bills

Answer 10

You're already doing it