How do I raise my credit score within FAST (4 months)?
I have to refinance and I need a higher score, how can I do that really fast.
Public Comments
- credit scores are a scam by the government to keep certain ppl from bying things they want,,,i wouldnt ever pay for something i got on credit,,,if they let you leave the store before its paid for then they dont deserve any money,thats how i see it,,,so i dont ever pay for things i got on time,,,credit is a scam,,,,to keep minorities down, they wont the blacks to stay poor...
- The bad news is that Fico scores drop MUCH faster than they rise. The good news is there a other factors that contribute to the loan process. Since I have no way of knowing what your middle score is; it would be impossible to give you a quick fix. However, we are a lender that works to the model of the national average which is 723. Call me directly at 630-570-4704 and lets put some options on the table. FYI; I'm ASSUMING you have 4 months before your adjustable bounces up. If this is correct; you want to call me TODAY. With the shakeup of the subprime market, what you are looking for product wise today may not exist as a product a week from now. dlovett@originate-me.com 630-570-4704
- Credit repair takes 75 days from beginning to end when my company does it. We give free consultations and if you decide not to go ahead, no worries. Good luck to you!
- Before you get suckered into a credit repair contract, do this..... Ask them to sign an agreement guaranteeing they can raise your score by xxx within 4 months before they accept any of your money. If they agree..go with them! Otherwise, run away. There is no guarantee that anyone can repair your credit history. And whatever a credit repair company can do, you can easily do yourself. You just need to educate yourself a little bit on what needs to be done.
- The fastest way to increase your FICO score, without any outside help, is to pay down your balances, with paydown of your revolving credit (for example, credit cards) balances giving you the most points for the buck. 30% of your score is credit utilization: how much of your credit limit is used up by your balance? On each revolving account, you need to keep your balance below 30% of your credit limit, or you will hurt your FICO score. For example, if you have a $200 credit limit, you must not have a balance higher than $60, which is 30% of $200. Do NOT close a paid off cc account. They also look at total utilization: they total up all your balances, and all your credit limits. That total percentage utilization must be kept below 30% of total credit limits. Close that paid off account, and you'll take away $0 in total balance, but you'll take away $$$ in credit limit, and up goes your total utilization. 15% of your FICO score is for length of credit history. The average credit user has an oldest open account that has been open for 14 years. They also score you on the average length of time all your open accounts have been open. So if you close that paid off account, you'll hurt your score because (1) you lose an old account and (2) the average age of your accounts could go down. So consider sacrificing for a few months by taking a second job, and paying your extra earnings toward reducing your balances. Please vote: Did this help?
- Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredit.html
