is there a way you can raise your credit score fast?

Public Comments

1. Buy a house. Creditors will view you as a lower-risk borrower, because you now have a tangible asset that the banks can go after for compensation if payments aren't made. Just think about someone who doesn't own a home and ends up not making payments anymore. The banks end up losing out.
2. As soon as you pay down a chunk of debt, your credit score will go up--or as soon as you raise your credit limit by a lot. Because the debt:credit limit ratio is important. You want your debt to be less than 50% of your available credit limit. So if you have a card maxed out and suddenly pay it off (or get it below 50%), then your score will rise a bit the very next month.