A good and efficient way to raise your credit score?
I am looking to raise my score, which is now, consequently, not as high as I'd like it to be (its in the low 6's) I have already checked out a site called prosper.com to try and find a personal loan financer, but I figured out the game pretty quick: if you have below a certain credit rating it does not matter how much interest you are willing to pay, no one will touch you. So, I was wondering if there was anything else (besides paying my bills on time, which I have begun to do religiously) that would help to raise my score?
Public Comments
- try 2 tell abt dis 2 everyone....
- Don't open anymore accounts ... anywhere... pay your bills as soon as they come in...Don't even let anyone check your credit score... ( you can ) just not any new creditors.... don't close any credit cards... you can tear them up... this will lower your score...and the closer you are to your limits this will bring down you score... in time your score will improve... just give it time .... Just being aware of it will help....Good Luck.!!
- . You may be able to get a loan for the purpose of building your credit if you deposit money in a savings account and use that account for collateral. Make your payments on time each month for 3 or 4 months then use your savings to pay it off.
- Why not pay as you go and live on less than you make and not obsess with the I love debt score? The only thing obsessing with the I love debt score will get you is in debt. Thats all its good for. You have to borrow money and make payments on time to get a high score. You have to keep borrowing money and keep making payments on time to keep a high score. No payments = cash in the bank. A low score from not paying your bills is trouble. If you have a 0 score from not borrowing money you can still get an apartment and job and home loan with manual underwriting. It's not a sub prime loan. It's the way it was done before the I love debt score. You can get the same low rates. Of course the bankers on here and their loyal followers are gonna tell you different. Debt free is the way to be!
