raise credit score without credit card?
My credit score is 672. I don’t have any credit cards because on the rare occasion I apply for one, I’m not approved. I pay my student loans, cell phone, insurance, rent and utility bills on time. What else can I do to get my score up as quickly as possible?
You should try to get a card and build a credit history. Just use it minimally and pay it back. Some other things you can do:
Get a small personal loan at the bank, put the cash in a money market and set up automatic payment every month.
The new credit scoring system looks at both revolving credit and installment loans – they want to see you know how to handle all kinds of credit, so this will help.
If you can’t get a credit card, apply for a secured credit card. You’ll have to deposit money, but just use it for 3-6 months and your score will increase and you can get a regular credit card.
March, 27th 2010 at 1:11 am
You should try to get a card and build a credit history. Just use it minimally and pay it back. Some other things you can do:
Get a small personal loan at the bank, put the cash in a money market and set up automatic payment every month.
The new credit scoring system looks at both revolving credit and installment loans – they want to see you know how to handle all kinds of credit, so this will help.
If you can’t get a credit card, apply for a secured credit card. You’ll have to deposit money, but just use it for 3-6 months and your score will increase and you can get a regular credit card.
References :
http://www.ficoformula.info
March, 27th 2010 at 1:24 am
Pay phone, oil, electric, etc. bills that are in your name.
References :
March, 27th 2010 at 2:00 am
?redit repair work?d fine for me. I used this service – buildcredit.ifastnet.com
They disputed and removed lots of bad items from my credit report.
References :