I currently have about a 620 credit score. Within the last year of two I have added new accounts and have made timely payments with a slip of maybe one or two times of late payments. My credit score has improved since then. What majorily has brought my credit score down are two collection accounts that refuse to come off, one is paid and the other I have no intention of paying ( i do not feel like I owe).
What steps can I take to bring up my credit score significantly? I was thinking of adding myself to a relatives account as a joint account holder. It is a seasoned account. How much will it raise my credit score to add myself to seasoned accounts as a joint account holder?
2007-10-22 09:58:21 · 3 answers · asked by . 1 in Business & Finance ➔ Credit
If it's a true joint account then you will get credit for it, if however you are added as a authorized user you will get additional points.
2007-10-22 10:38:47 · answer #1 · answered by ? 7 · 1⤊ 0⤋
After alot of time spent cleaning up my credit report == after my parents added me as an Authorized User my score shot up. Before I started working on establishing credit I was in the high 500's...not very good. I got up to the 600's on my own and then after added as as AU to seasoned accts as well as keeping up with my bills I am now in the high 700's.
2007-10-22 18:18:09 · answer #2 · answered by ama 1 · 0⤊ 0⤋
Paid off or not it will not come off your report for 7 years. Piggybacking used to work but I believe the laws have been changed or are about to change to end that practice.
2007-10-22 17:17:49 · answer #3 · answered by Pengy 7 · 0⤊ 0⤋