how can i make my credit score higher and better ?

Question

i recently gave my car up because of high payments, now how can i rebuild my credit since it was damaged by the car finance, ?

Answer 1

You now have a repossession on your credit report. Save your cash for the deficiency, which you will owe after they sell the car. Work out a payment arrangement with them so that they don't have to bring suit and garnish your wages.

See www.myfico.com for an explanation of credit scoring.

Answer 2

You need to have a well-balance variety of accounts. You need revolving (credit cards), installments (maybe 1 or 2 mortgage, car note, student loan) and to pay them in timely matters. Also if you have a relative like your mom or someone who has excellent credit and has had a credit card w/ good payment history for about 10 years, ask her to add you to her account, this will give a healthy amount of points.

Answer 3

While the ideas listed are good solid ways to build your credit the quickest way is to get someone with very good credit -- like a parent - to add you as an Authorized User on their acct. Without a c.c. they stay protected and your credit score goes up -- quickly!~

Answer 4

Credit cards, personal loans anything you can get and pay on time every month as long as it's reported to the credit bureaus.

Answer 5

Pay everything on time. Pay down your credit card balance to less than 30% of available limit -- even better, pay 'em off completely.

Answer 6

find a bank that will loan you money. any amount .even if you have to get a co-signer. don't spend the loan money . pay it back in a month. do that a few times. it will raise your score.

Answer 7

try to get new credit cards, new small loans and pay them ALL on time.