What is the best way to boost my credit score?

Question

I have poor credit and filed for bankruptcy late last year. I have not really tried to rebuild my credit. I have not applied for any credit nor tried to finance a new car - though tempting. How can I boost my credit score legally?

Answer 1

to raise credit score

1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3.To boost your score: Don't charge anything for at least 60 days before applying for a loan
4. 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.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.
6.To boost your score: Don't close unused accounts when you transfer debt.
7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan.

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Answer 2

Keep your debt below 10% of your income and pay all your other bills ( rent , utilities etc ) on time, Never late .
Work 2 jobs and when you have enough to put 50% down on a car , they will probably give you a decent rate .
Keep that up or join a credit union from work and start with small loans that are always repaid and never late .

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Answer 3

Ways To Boost Your Credit Score
http://get-out-of-the-debt-trap.com/category/Ways-To-Boost-Your-Credit-Score.html

Answer 4

To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your scoreyou still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.

Answer 5

Get several credit cards. Buy something small, pay it all off and then never use it again or repeat it. Or get a cell phone with a bill.

Answer 6

cell phone bills, internet bills, and make sure u pay the statements on time.. it will take some time but be patient... slowly but steadily your credit report will be better

cheers

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Answer 7

this is the best way I know http://www.gsx1.com/RestoreCredit.html they have been helping people since 1991

Answer 8

I used three credit cards after my BK in 2001. Charged everyday things on them being careful never to exceed 30% of my credit limit in any given month and paid them in full before the due dates.

After 1 years of this my score raised over 150-points.

Bought a car with no money down at 3.9% interest and a year later a home again no money down 6.5 fixed rate.

Now almost 7-years later my score is over 750.

O.B.T.W. Cell phones and utilities do not report to the credit bureaus unless you do not pay them and they go to collections.