What is the quikest way to raise your credit score to buy a house?
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- There's no real "quick" way. The best thing to do is pay all your bills on time & pay down any credit card balances by paying more than the minimum due. If the balance on your credit card(s) is almost maxed or a large percentage of your credit limit, it hurts your credit score. It takes time, but with effort & patience you'll achieve a great score. I went through a really bad spell in 2000 and have been working like crazy to get my credit score back up and it's really started to improve. I can get credit for almost anything now.
- GO to Citi bank and get a secured credit card ask for details
- pay up as much of your outstanding debt as possible, and always pay more than the credit cards minimal payment is even if it is only $5. extra
- It's not quick, but the best way is to establish a credit history that shows you can handle money. It should include credit cards, things like car loans, timely payments on accounts and a reasonable number of businesses you owe money to. It takes a little time, but you'll pay less on the mortgage rate, so it's worth it. It took me a year from the time I really decided I was going to buy a house to actually buying it because I did all I could to improve my score in that year. I was immediately approved when I applied for my first ever home loan. You might consider your local government's first-time homebuyers' program. Call around to see if they have one. Lenders who take part in that program are more forgiving and they sometimes lend you the down payment so you can make the purchase.
- whats your score at right now?? best thing to do is to make sure your credit card debt is at 40% or lower.
- get a credit card and pay it in full every month.
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