What are some fast LEGAL methods for raising a credit score???

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1. Borrowing against your own money @ a credit union. Establish an account, and borrow against your own money. Because it is your own money, the interest is LOW, really LOW. And as you pay it back you get your score up. It works. Talk to some one in there, ITS FREE.
2. pay your credit card on time, when ever u purchase something make sure u can pay it right away or else dont bother purchaseing, and pay it full on the very 1st bill. or else atleast pay the minimum balance anyhow...and best of luck !!
3. a secured credit card which can be issued by your bank. basically you put money down anywhere from 300-10,000 dollars, whatever you put down is your credit limit. as long as you purchase one thing a month with it and make the monthy payments ON TIME, it will raise you credit. after a year of on time payments the secured status will turn to unsecured (a regular credit card)
4. Go to the website that offers your free credit reports per US law and dispute anything more than 7 years old and anything that is not yours that appears on your credit report. Also, go to myfico.com and read more about this. Also, pay down any credit cards you have to less than 30% of what you owe on them. If you owe 50% on one and 25% on another... pay down the one you owe 50% on first. All of this will increase your 3 credit scores. https://www.annualcreditreport.com/cra/index.jsp Good luck! PS. Do this every year.
5. dont listen to that person ahead of me. get a credit card charge some on it. dont pay it off in less than 5 payments. that will raise your credit score.
6. The first person to answer is the better way to go. Here's what I do, and believe me it works. My friend, who had 15 things in collections did it, and he somehow got a little bit better score. Take $500 and go to the bank, and purchase a CD. A CD stands for Certificate of Deposit. What this means, you're locked up your money for a spefic amount of time, and will be paid interest on that money. It's like a savings account with a pad lock on it. You can access it, but you'll have to pay a penalty. THEN, once you have the CD, request to take a loan out against it. This will be held as collertieral, so if you don't make the payment, they still have the money. You can take a loan out for 90% of the CD, which means you can get a loan for $450 against your own money. Once you have that $450 you can do whatever you want with it, you can gets a savings account and stick it in, go shopping, ect. One idea would be to put it into a specific account, and have it set up to do automatic payments against the loan, so you don't even have to worry about making the payments. While you don't really get to enjoy the money, you won't have to worry about paying the payment each month. Once the loan is paid off, and the CD matures, you can cash in the CD, and you get your $500 plus interest back. My CD for the past year on a $500 cd ended up to being $18. You can either let the CD go for another year and do another loan, or just keep it as a CD or whatever you want.
7. 1. Always pay on time or ahead of time. 2. maintain low balances on credit cards 3. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000. 4. I was told by an underwriter that having just two cards, a major credit card (VISA, MC) and a consumer card (Sears, best buy, etc...) is the best mix for revolving credit. 5. You should have a recent history of both installment or term (Car or house loans) and revolving credit. ------------------------------------------------- http://www.bestcreditrates.net