what is the best way to boost your credit score ?

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1. revolving creditors
2. Pay more than the minimum and keep the numer of cards down.
3. Get a copy of your credit report and dispute any entries you think are in error. By law the credit bureau has to investigate the entry, and if they cant verify it within 30 days, the entry must legally be removed. I cleared ALOT of erroneous entries on my credit report and went from 16 pages to 7. To boost your credit score, ask for a small personal loan from your bank. Sit on the money for 60 days, making the monthly payments, then pay it off in full. This method requires you dont use the money. You will receive a positive rating for that transaction. Another thing to do would be to get a credit card and use it sparingly, purchasing items that you can easily pay in full before the due date. Due this for 3 months, another boost. whatever you do, dont apply to more than 3 credit offers in a months time, this can actually damage your rating.
4. to raise credit score? 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
5. Make payments on time...don't over-extend your credit limits...pay more than the minumum due amounts...once a credit card is paid off, do NOT cancel it. Just leave it open because cancelling will have a negative effect on your FICO score. Have a savings account and/or investments that you contribute to on a regular basis
6. The biggest component of the FICO score is the percentage of available credit you are using. The traditional way of course is to pay down your accounts to improve the percentage. The higher the percentage the lower the score. There is another way. 1. ASK FOR CREDIT INCREASES. This achieves the same result-decreasing the percentage of credit used. Just be careful not to use the new found "wealth". That is like shooting yourself in the foot. Be careful not to ask for too much of an increase. 2. PAY OFF YOUR BILLS. Pay them off not when they are due but before they are due. Find the statement date (usually 20 or so days before the due date) and pay it off a day or so early. That brings your account balance to $0 thus increasing the percentage of available credit. If you pay the bill on the due date it will not have the same effect. 3. DON'T TOSS THOSE OLD CARDS. I found out about this one the hard way. If you are not using an old card for any reason do not throw it away. Take advantage of it and charge small amounts occasionally. This results in an active vs. and inactive status for that account. Active accounts are factored into the FICO scoring system-inactive accounts are not. Using these three hot tips will boost your FICO score almost overnight. Take the knowledge and run with it and improve your score today.