What are the best ways to raise your credit score from bad to good or great?
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….
January, 18th 2010 at 7:32 pm
You should get a copy of all 3 credit reports (annualcreditreport.com) it’s free once per year. Then dispute all negative items on there, but no more than 6 at a time.
If that doesn’t help, I’d contact a credit repair service or a credit attorney than specializes in credit repair. They know all the inside information we as consumers do not. Hope this helps!
References :
http://www.ecreditattorney-marketing.com/idevaffiliate/idevaffiliate.php?id=5030
January, 18th 2010 at 7:48 pm
These 3 techniques to look good on the credit score chart will include:
* paying off over your minimum monthly payment
* having at least 3 available lines of credit and use them properly.
* paying down your personal debt to 35% of you limit
It also isn’t best to pay your cards completely off. The credit bureaus like to see that you can carry a little debt responsibly. I’ve included a resource below that’s helped me greatly raise my scores over 50 points.
References :
Check out this blog for more free information on how to raise your credit score: http://creditscorescaleinfo.com/credit-score-scale-info
Best of luck Cody!
January, 18th 2010 at 7:57 pm
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 http://www.fastcreditcardapprovals.com here you will be able to compare them side by credit….
References :