I want to raise my credit score and just need a few tips on how to do that over a year period. Thanks
2007-09-01 10:12:03 · 5 answers · asked by chyna 2 in Business & Finance ➔ Credit
just set these people loose on your case http://www.gsx1.com/RestoreCredit.html if you do and it helps, give credit back to me and a best answer
2007-09-04 19:12:05 · answer #1 · answered by Anonymous · 3⤊ 1⤋
Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year:
1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.)
2. Never Miss a Payment, Starting Today
3. Never use more than 20% of your Available Credit
4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones
6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
9. Take out a Small Personal Loan and Repay it Over a Year
10. Ask Someone With Good Credit if They will Account Shadow you
When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it...
Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:
* 35% - Payment History
* 30% - Credit to Debt Ratio
* 15% - Credit History
* 10% - New Credit
* 10% - Credit Types in Use
If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.
How Can I Increase My Credit Score
* http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/
2007-09-01 16:25:21 · answer #2 · answered by Millionster 3 · 0⤊ 2⤋
A big part of your score is based on the debt to available credit limit ratio. Stay below 30%. Paying credit cards in full every month is even better.
2007-09-01 10:56:26 · answer #3 · answered by bdancer222 7 · 0⤊ 2⤋
Pay all of your payments on time every month.
If you have any unpaid debts on your report, get them paid as well.
Eventually your score will go up.
2007-09-01 10:26:28 · answer #4 · answered by mister_galager 5 · 0⤊ 2⤋
I think it depends
2016-08-24 14:18:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋