How do you raise your credit score fast?
My credit score is 475 right now and I want to raise it to 800 before the end of this year. How would I do that? Thanks.
Public Comments
- Strange as it seems taking out more credit cards..It's like 25 points each....
- by making credit card payments above the min. and never be late paying on anything...or paying balances off
- Take out a loan with your bank and then pay it off a month or two later. Some amount around $1,000 should be enough to raise your score. You can ask your bank how many points to expect. Hope that helps! -Sam Merrin
- Move house, pay off all your loans, etc., get a job as a doctor or MP, marry into money!
- have two credit cards keep them at about 100 dollars spent on each. then only pay the minimum balance on each each month. Simple and easy. to many credit cards and it looks bad even with good score. to much maxed on cards and it looks like you cant spend well. spending a little bit more than you give them looks like you wanna make them money and you pay your bills= good score. and if all that doesnt work grab yourself a large tub of pure lard and rub it on your inner thighs and sack, and wait 2-3 days for results. rub release pull and enjoy.
- You can't. It takes time. Besides, 800 is the highest score you can get. Very few people, if anyone, has a score that high.
- Ummm, you will not reach an 800 this year or next.Sorry, its impossible. Pay your bills on time like your rent, car, credit cards, cell phones. Also, if you can buy something and pay it off, buy it on credit and pay it off in a 2 or 3 months, ie. a TV, or refridgerator. Too many open accounts (ie multiple credit cards) can lower your score. And being close to your limit on those cards will lower your score as well. Good luck!
- pay all your loans and then renew your loan.
- Best Tips for increasing your credit score are available at http://www.nmtw.org/1577/financial-education.html
- Your credit score is based mostly on: 1. Length of credit history 2. Payment history. 3. Ratio of credit used to available credit. 4. Number of credit inquiries you authorized. If you cancel your card, you'll be hurting your credit ratio. (#3). You want to deliberately keep your oldest credit card open, even if you never use it. You want to always pay the minimums of each loan on time every month. You want to keep your available credit high, but actually only have balances equalinig 25% or less. You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans. You do these things and your credit score will quickly soar into the 700s. ------------------------------------------------- http://www.loansandinsurances.com/
