i need to improve my crddit score within 6 months?

Question

my credit scores average at 620 now and i want to get to a 720 within 6 months. i have 2 credit cards with 20% balances on them and a2 loans out from my bank ($1000) for credit purposes, (didnt need the money) but i have 7 items on my report that are 51/2 to 6 years old that i think are affecting me alot. please help, serious answers only

Answer 1

Just keep doing what you are doing, keep your credit card balances below 30% and whatever you do, do not contact any of your old creditors.

Derogatory accounts show for 7-years from the date of first delinquency which works out to 7-years and 180-days. Any accounts that are 5 1/2 to 6 years old are past the statute of limitations and are going to drop off soon without you doing anything.

If you contact them and agree that the account is yours and make any type of payment agreement you will restart the S.O.L.

Answer 2

Go to my website and read it all because after an ID theft and bankruptcy I still got my score up from 486 to 730 in a little over a year, so this is something I know about!

Don't underestimate the power you have in challenging and dispuuting negative items on your credit reports too, especcially if they are that old! I go into this on my site as well. This is something you can do yourself and I show you some tips you can use that worked for me and they ARE legal!

I uncover a lot of common scams to avoid too that a lot fall for. Don't be one of them! I had a lot of them thrown at me!
Honestly? 6 months or less for a raise in your score that high isn't impossible, but don't give up.

Consider enrollment in a credit monitoring service like Equifax 3 in 1 if your going to make repairs to your credit reports, because even though you can get a free copy of your credit reports from Annual Credit Report dot Com, this is only good for 30 days once a year and you will need to check your credit often!

The information you need is too long to post here and others will want to repond to you too. The bottom line is don't give up! This can seem like an undaunting task, but if you come out swinging you will be the winner!

My best advice? Don't put yourself in a time limit for this! You will only become frustrated and that will make it harder!

Good point about contacting old creditors and the Statute Of Limitations, Spiffiman! I forgot about that one!

Answer 3

you could take out a small personal loan and pay it off in a few months and keep doing the same until you build credit. Also you could get a credit card with a small limit and use it for your everyday purchases and pay it off at the end of the month that way you do not pay interest and are building your credit. Check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates and rewards. GOOD, BAD OR NO CREDIT they have the right card for you.

Answer 4

If you have bad items on your credit, try to clear those up. Write the companies and ask something to the effect, ...."does this person currently have any debt owing to you". Most companies do not keep records even when they make a total charge off. You will probably get back a letter that state that this person, has no outstanding debt on our records at this time. And with that letter you can get that companies bad item off your credit report. This will work on some items and not others. Good luck.

Answer 5

keep paying off your loans and credit card on time. i improved my score by 50 in two months, so its not impossible to get yours on that high.

Negative items will stay on your record for 7 years

Answer 6

Clean up ALL your credit, especially the old debts. Get in touch with your creditors and work out payment schedules.

This may not be enough to raise your credit score in 6 months, but it's a good thing to do for the longer run too.