What is the proper steps to take to get my score from 470 to about 650 in 4months?

Question

I am a fresh 19 yr old with a credit score of 470 smh. I am looking to purchase a car in about 4months and i need my credit score up to about a 650 670. I have a cell phone bill that has bin sent to a credit agency i need to pay bill of 800. I also have a credit card bill rite now open with about 6 late payments of 563 and a saks credit car with 280 balance on my report. can someone tell me if i pay my credit card off in installments of 100 weelky( i have the money but just to stretch the payments) and pay the phone bill of in payments of 200 weekly and pay the saks off one shot will this boost my score to where i need it?

Answer 1

4 months isn't enough time. You'll need to pay off the bad debts, but you'll also need to start to establish some good accounts to off-set those bad ones. Even if you paid the bad ones off completely and opened a new credit account, 4 months of good payments isn't going to be enough to raise the score that high.

If you have had this much trouble paying your debts on time so far and you're only 19 you really need to consider finding another means of transportation. Take some time to make good on your current obligations, save some money and find a cheaper car.

Answer 2

There is no chance.
You need to get all these items taken care of then start to rebuild your credit. Credit scores don't increase 200 points overnight / or even over 4 months.

Answer 3

You can pay off those things in collections but they will remain on there for 7 years, along with your late payments. Four months, No, four years maybe.

Answer 4

Call the people you owe and work out a payment plan. Then ask them if you stick to they plan ... that they show you are in good standing.

I would doubt they will do it, but never hurts to ask. Good luck

Answer 5

Pray for a miracle, and that still wouldn't be good enough. What you are asking is virtually impossible.

Answer 6

not enough time...not a chance..............