What would you say would be the quickest way to raise your credit score?

Question

I am looking forward to purchase my home next sept and I want to know your opinon on what would be the best way to raise my credit score. It seems to be stuck and not moving up or down.

Answer 1

close all your unnecessasry credit cards. (depatment store credit cards ruin your credit) just keep 3 cards at the most!
try to pay off all your credit cards. Pay down your long term loans. Do not open any more credit cards, be conscious of those so-called credit card "deals".
Good Luck!

Answer 2

Take a look around you. Everyone you know is broke. Broke is normal. Broke is playing the credit score game. Your only 19 straight out of high school and these guys have already given you three credit cards. Go talk to everyone you know and ask them has having a credit card really brought joy into their lives. Sure they are great at the mall but when payment time comes and late fees and over the limit fees and collections come around how great are those cards then. Ask them how would it feel to be out of debt today. How would having that bill lifted off their shoulders feel to them? How would not having to deal with payments and credit scores and fees feel? I gaurantee that no one will say that all the hassle is worth the convenience. They will rationalize with air miles and small cash back bonuses, but is all that really worth being subject to credit. Now is the perfect time to start being weird and actually have some money. Cut up those cards and close those accounts. Start your life in freedom not in slavery to the credit card companies and your credit score. If your score is already 708 and you can't get a loan then that shows you that the almighty credit score is not so almighty. Unlike the credit card company the loan office is using it's head. Here is a person just out of high school. Probably doesn't have a great income. There is a lot of risk there, better get someone else on the loan in case they can't pay. Not the credit card company. Hey here is someone with a name let's give them a card.

Answer 3

The process of credit repair is much more than simply eliminating the negative information. You should ensure any positive information that can improve your credit score is actually included.
1. Report Your Positive Accounts:
2. Use Other Person’s History:
3. Go For Plastic Cards

Answer 4

There is no way to erase bad credit from your credit report, but you can improve it. You can start by pulling your credit report form all three credit agencies which are Experian, Equifax, and TransUnion. You can find out how to obtain these for free annually at the U.S. Government website at Federal Trade Commission. Then, follow these simple guidelines to help restore and improve your credit score.

First, make sure all the information on your credit report is accurate.

Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.

Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.

Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.

Repairing your credit and improving your credit score is a slow process that takes time.

Answer 5

Find somebody with good credit, and ask them for a tradeline. What you want to look for someone with a high limit and low balance and long established good payment history. A limit of one thousand dollars or more is good. A Balance of no more than 30% of the limit and establishe history of at least 6 months (5 years or more is better). It would be no harm to the person adding you, but, if the person who adds you messes up that credit line your credit will take a hit as well. Takes about 30 days to show up on your credit. Can raise your credit score about 30 points per tradeline you add.
Good luck!

Answer 6

We get Credit- by using it. Put a few medium sized Expenses on your Credit Cards- and take 6 or 7 months to pay them off (making SURE- you make those payments ON TIME!)- even if you can pay for them outright at the outset. You'll be SURPRISED how quickly your credit score goes up! :)

Answer 7

Pay remaining balances to 30%, don't close any cards, that may hurt you, just pay them down, earn as much income as you possible can, so that you can qualify for a good loan, don't open anymore revolving credit, and dont buy a new car!

Answer 8

u need to either one pay off your credit card debt if u have alot it will jump ur score atleast 20-50 points if u cant do that u need to get a loan and pay off the debt that way revolving lines such as credit cards are not good to have maxed out loans are ok because they are fixed and u pay a fixed amout doing this will also bump ur score up still 20-50 points

Answer 9

Pay down your credit card balance to about 10%-15% total balance and pay on time. Do not close your accounts. Do not apply for new credit cards.

Answer 10

Contact Real Estate Funding Network, LLC in Raleigh, N.C. and discuss your situation with a professional. The initial consultation is free, but they can tell you exactly what you should do. They can and will help you buy a home, even with your current credit score, and withTheir website is: www.realestatefundingnetwork.com and telephone number is 919-802-3119