what is the best way to boost my credit fast?

i have had two credit cards for almost two years and a car loan for about 6 months. i have always paid 2 weeks ahead on everything but i cant seem to get my credit score to raise at all over the last year. i have talked to a few people about this and everyone has suggestions but no real answers as to what the perfect way to build your credit is.

Public Comments

1. Why do you care?!?!!?!? You have a car loan and credit cards. Why do you feel this need to have a high credit score? Just pay your bills on time and don't worry about your score.
2. One thing that credit score is based on is how much credit you have AVAILABLE vs. what you are USING. In other words you have 2 credit cards - great! But is your available balance $250 on them? Also - are the cards maxed out? If they are this is one reason your score isn't budging. Available credit that you are NOT using is a good way to boost a score. If you have 2 credit cards with $1,000 available balance and $0, or nearly $0, outstanding then your score will go up. Why? Because you have a low "debt to income" ratio. When you have available credit that you aren't using - this shows responsibility and can boost your score. This DOES NOT mean you should go get 10 credit cards. More cards could actually devalue your credit because creditors also look at "length of time" you've had the credit. They also evaluate your POTENTIAL to really wrack up a bunch of bills if you want to. 2 credit cards is more than enough. Try calling the credit card companies and asking for a higher available balance. But don't use it! TIME is the best way to boost your score. The longer you've had responsible credit, and the longer you've paid on your car, the higher your score will climb. Don't be in a rush! Pay your dues and pay your bills! Good luck to you!
3. In order to improve your credit score, you may need to both eliminate negative information as well as establish positive credit history. Learn how to remove negative items from your credit report at http://aaacreditguide.com/
4. to raise credit score 1. Always pay on time or ahead of time. 2. maintain low balances on credit cards 3.To boost your score: Don't charge anything for at least 60 days before applying for a loan 4. 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. 5. You should have a recent history of both installment or term (Car or house loans) and revolving credit. 6.To boost your score: Don't close unused accounts when you transfer debt. 7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan. ------------------------------ http://www.bestcreditrates.net
5. By implementing these tips you could save hundred of dollars in interest in the long run and put cash back in your pocket in the short term. 1) Avoid using cash and borrowing from family for all your purchases. In the eyes of creditors no credit history is the same as a bad credit history. You may get away with paying cash for your car but when you buy your first home it will come back to haunt you. Even if you can afford to borrow or pay cash try opening an account to buy your furniture, automobiles, or home improvements. A diverse credit background will help with your credit score. 2) Your credit report tells all. Do not lie or stretch the truth to lenders, banks, or employers. They will easily catch you and the consequences are not worth it. 3) Do not cancel credit card accounts to improve your credit. The intended affect may be the opposite of what you expect. You can hurt your credit by canceling your credit cards; especially if you have a long history with the account. Losing a ten or twenty year credit history isn't worth it. If you absolutely must stop using a card, try shredding it. An open account that doesn't have a balance looks far better then no credit account at all. 4) Starting early is always better when establishing credit history. Getting a teenager or college student a credit card is a great way to get their history started. For those who don't trust their child's judgment yet there are many prepaid cards that report to credit bureaus. 5) Past due debts that are over 30 days late will demolish your credit score. That aspect alone makes up a third of your credit score. To be safe never go passed the 30 days late period with any late payment. One payment made passed the 30 day mark will stay on your report for a very long time. When a creditor pulls your credit they won't care what the reason was so don't let this happen. 6) There is such a thing as a free credit report. Remember that this is a report and not a score. It gives you all the accounts you have and all the activity related to your credit. It does not give you a number (your score). The government sponsored site is: annualcreditreport.com. Read more from: http://www.credit-card-gallery.com/article/136,Seven_Must_Know_Credit_Tips
6. The process of credit repair is much more than simply eliminating the negative information. You should ensure any positive information that can improve your credit score is actually included. 1. Report Your Positive Accounts: 2. Use Other Person’s History 3. Go For Plastic Cards If You Don't Have One 4. Use a Secured Card
7. It doesn't take long for short term changes like account balances, payments, and available credit to show up on your credit report and effect your score -- likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks. I've used these 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year: 1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.) 2. Never Miss a Payment, Starting Today 3. Never use more than 20% of your Available Credit 4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible 5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones 6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance 7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit- 8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan 9. Take out a Small Personal Loan and Repay it Over a Year 10. Ask Someone With Good Credit if They will Account Shadow you When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it... Your Credit Score (also known as your MyFico score) is calculated with the following breakdown: * 35% - Payment History * 30% - Credit to Debt Ratio * 15% - Credit History * 10% - New Credit * 10% - Credit Types in Use If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score. You can read more about these tips on my blog: How Can I Increase My Credit Score * http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/