whats the quickest way to increase your credit score. I have 545 and own a home 3k credit debt?
i don't make much money. 41k, pay about 1000 a mth for my condo. Am not reckless w/ money. Been late on payments before but want to increase score. Am also about to buy a used car. Also have school loans ( 45K) and have not defaulted but need to pay it off of course. Single. No kids.
Public Comments
- just keep paying ontime. sounds like that is what has hurt you the most.
- Unfortunately, there is NO quick way to increase your credit score... anyone who says otherwise is lying! Credit scores are meant to show your payment history over time, which is why rapid changes would completely defeat the whole purpose of the score. In order to max out your credit score, it takes (simplified) at least 10 years! ----------------------------------- Actually, now that I think about it, the only way to quickly increase your credit score is to buy a detailed report from one of the 3 major credit agencies and then look for errors. If you find any errors, dispute them and have them removed. Also, try not to open or close accounts as this could potentially lower your score. The next fastest way to increase your scores is to pay down your largest credit card debt. Long term student loans/mortgages do not adversely effect your score like several thousand dollars of credit card debt.
