I filed a bankruptcy in 4/09 and I want to start re-establishing credit. I still have my federal student loan on my report, will this help? Or will I need to get a credit card?
No. You will need to get a loan (i.e. credit card or auto loan).
I paid off 3 of my 5 credit cards last year and this year the last 2 should be taken care of with taxes. I also plan to start paying on other debts I have. My credit score is terrible at the moment so I am wondering what I can do to help raise it and also wondering how long would it take it get up to the good to great rating
paying your debt helps your credit but you also have to have active credit meaning you have to have a loan credit card that you are using and making payments on time, this shows the creditors that you are not only paying off your debts but you are also being responsible with your current debts….What I would do if I was you is get a small loan with your local bank or better yet get a small credit card use it for gas a couple of times a month and pay it off at the end of the month, this will look good on your credit…. if your credit is not so good still you might have to get a lower end credit card meaning you have to pay an annual fee but that is ok for 3-6 months but after then you could apply for a better one without an annual fee and lower rates, check out www.fastcreditcardapprovals.com here you will be able to compare them side by credit….
My credit score right now is a 515, and I just applied for an apartment but was denied since the credit score isn’t a 530. What can I do to raise this score to a 530? They said I can try again in a month, so I want to try and bump it up by then. I’m going through a credit consolidation agency, so monthly payments are being made.
?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – credit-report-score.10001mb.com
http://www.ScoreMoreCredit.com – You can quickly and legally repair your credit now and increase your score in as little as 45-60 days. Billy Alvaro endorses ScoreMoreCredit.com
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I’ve had my car for 2 years now and its been set on auto draft since day one so its always been paid on time without an issue. How much does this raise my credit score? I also have a small credit card that has also been paid on time for 2 years now. I’ve always paid at least 5 times the minimum payment, never been over my limit, and always pay at least 2 weeks early. How much can this boost my credit score?
Paying early or extra does not boost your credit score, the only thing that does is paying on time. The longer your history gets, the better your credit rating. If you have anything detrimental on your credit report you’re fighting an uphill battle. Additionally, if your credit card is run up to greater than 30% of the limit that will lower your credit score too.
I don’t think any of us could begin to accurately calculate all of the values of the factors contributing to your score–especially since the formula for the FICO score is proprietary. You can try the FICO estimator here: http://www.myfico.com/FICOCreditScoreEstimator/ That gives you an estimate of your score, but it isn’t a guaranteed score. Mine was actually higher than the estimator thought.
I am young and broke, what is the most i can have on the credit card and still raise my credit score?
Making purchases and paying it off each month is fine. Some prior clown said paying it off makes you a deadbeat… this is in the eyes of the credit card companies. They don’t determine your FICO by how much money you make for the credit card company. It is determined by percentage of available credit in use, your payment history and age of accounts. Please see:
http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx
Don’t apply for more cards either. 2 major cards are perfect. Your FICO takes an 8 point hit just to have credit pulled and then negative impact for frequent credit inquiries and new accounts.
My fiance and I are trying to get pre-approved for a mortgage and I have excellent credit but he was told that he needs to pay $3,000 (which we paid the day we were told this) and raise his credit score 8 points. We have waited about a month, like we were told to, and it still hasn’t gone up. We have paid off everything we were told to so how much longer will it take until it goes up 8 points?
I think that other poster is lost, this is the credit section not tax.
You can ask whoever your mortgage broker is to request a rapid re-score from the reporting agencies. This does cost a fee but it is often used to raise ones credit score to the level required by the lender.
Paid debts will raise a score but it takes time.
bluepointfinancialhttp://gdata.youtube.com/feeds/api/users/bluepointfinancialPeopleBPF, Payoff, Raise, FICOCredit Q&A: Does Paying Debt Raise My Score?
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Continue reading Credit Q&A: Does Paying Debt Raise My Score?…
Tips and Tricks on how to build your credit score extremely fast. Completely legal techniques to significantly raise your FICO score. Advice on how to work around bankruptcies and other negative marks on your credit report. Complete listing of services can be found at www.BuildMyCreditScoreFast.com. You don’t have to live with bad credit if you’re willing to do something about it.
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I’m trying to buy a house and my credit score is 20pts to low. I only have 2 weeks to show proof that I have the financing approved. How can I raise my credit score quickly. Please help.
Debtors report to credit agencies every 30 days.
We’re in the middle of August, so whatever you do, a change in your credit score won’t affect your credit rating until next month.
Speak to your loan officer. There might be alternatives available for you, even with the new strict lending guidelines that banks must now adhere to.
It might work out, being that a lot of loan officers would rather lose a limb than let a loan go nowadays!
