How can I drastically improve my credit score?
I am at 560, and would like to be 640+. I understand creditpiggybacking is going out in 2 months. How can I shoot my credit up? I realize I have to make payments on time and everything, I just made some poor decisions when I was younger. EUG; you may be right.
Public Comments
- Pay as much as you can each time. Try to decrease your overall debt. Part of your score is bases on the amount you owe vs. the amount of your credit line.
- get a car or a house, something big, that would repuire payments, if you got the money to pay it, try getting heavy payments, proving that you are worthy of paying things like that
- The best way is to not have any credit at all. Pay off all of your credit cards and haggle with the credit card companies. If they want 500, tell them you have 300 and that is all they will get. If they say no, then tell them you will file bankruptcy first. Credit card companies hate that. When you file for it, they get absolutely nothing.
- Unfortunately credit piggybacking is not just going to not be counted anymore they will retro active it so anyone who received benefit from this practice in the past will loose the benefit they gained. The only way to "shoot your score up" now is to pay your bills on time every month!
- join a credit union. a good one. dont go to a small time one. get a few small loans. pay them off right away. ask the credit union to help you lower the rates on all your other stuff. maybe by giving you a credit card to pay off all your bad debt. NEVER have more than 3-4 credit cards with high balances on your cbr. and of course- pay your bills.
- Having a Great credit score just makes you a slave to the Lenders. You already know the ways and that is to pay as agreed and time. It won't happen over night. The more you borrow the higher dollars that is and the longer you pay it back and do it as agreed is the key. On the other hand if you pay as you go and forget about that Big Score. Live more within your means and so forth. Pay more downpayment instead of financing 100% put down 20-30% on cars or a home. Well something for you to chew on at least.
- Get a secured credit card. Don't use it unless you know you can pay it off in 30 days. In the mean time, make on-time payments to *all* your credit accounts for at least one year. If anything has gone to collections, make payment arrangements with your creditors. If you do this, they have *no choice* but to report good things about you to the credit bureau.
- First, make sure all the information on your credit report is accurate. Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly. Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line. Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card. Repairing your credit and improving your credit score is a slow process that takes time.
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