Categories for Raise Credit Score

Q&A: How to raise credit score 28 points in 2 months?

April 19, 2009 8:16 am Published by

Question by runnercaiti1: How to raise credit score 28 points in 2 months?
I want to apply for an apartment but they need a 625 credit score. I lost my job for a few months and am now behind on two accounts.
My credit score is 597. I can bring the accounts current in less than three weeks but will just that be enough to raise my score those 28 points? I don’t want to waste my application fee just to get rejected.

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Best answer:

Answer by anduze.alexander
take out a secured loan for about 0 and pay it back in one month, and take out another and pay it within the second month, guaranteed to boost your credit score

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Raise Credit Score in 30 Days

April 11, 2009 6:25 am Published by

Raise Credit Score in 30 Days

If you are preparing to raise your credit score, there are certain strategies you can do to if your bad credit in as little as 30 days. In some instances you can raise you score 100 points or more within 72 hours. How you go about doing this depends on what your credit report currently looks like.

The first step to fixing your credit is to download a copy of your credit report from the Annual Credit Report website. If you are working to raise your credit score because you are planning on applying for an auto loan or mortgage in the near future, it is recommended to review your credit report from all three credit reporting agencies – Equifax, Trans Union and Experian. The information on all three of these reports will slightly vary.

If you currently have a below average credit score, some of the raise credit score strategies that you are recommended will have a greater impact than if you have a good credit score. For example, one quick fix is to reduce your credit-to-debt ratio. This is the total and individual amount of credit that has been extended to you, compared to how much you actually use. A credit card with a ,000 credit limit with a ,500 outstanding balance, for example, would equate to a 50 percent credit-to-debt ratio. Ideally you want to be below 30 percent or this will affect your credit score negatively.

If are currently maxing out your credit cards, then reducing this ratio just a bit could immediately improve your credit score by as much as 150 points, If, however, your credit-to-debt ratio is less than 40 percent, reducing this ratio will not have much of an impact. This will get you started, but there are plenty of raise credit score techniques that will allow you to significantly increase your credit within 30 days.

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Find out how your credit score compares to the national and get your quick credit fix. Download your credit score and reports for free at http://www.thecreditfix.info

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Tips To Effectively Raise Credit Score

March 14, 2009 4:16 pm Published by

Tips To Effectively Raise Credit Score

If you are of the many people suffering from bad credit, don’t worry about your bad credit rating. Instead, you have to work to raise your credit score. There are various steps to follow to raise credit score, where the first one is to get a free copy of the credit report.

You have to get a copy to ensure that the information on it is accurate. Inaccurate information can give you a bad credit score. Any errors have to be immediately informed to the three credit bureaus through dispute letters mentioning the said errors.

It is important that you pay your bills on time so that you raise credit score. Your payment history accounts for 35% of your credit score, where the latest payments you make carry maximum wait on your credit score. Even a single missed payment can lead to a decrease of your credit score by 50 to 100 points.

Work at reducing current debt

The next thing to do to raise credit score is to work at reducing your current debt as quickly and as much as possible. And if there is a large gap between the amount of debt your card carries and the card’s credit limit, your credit score tends to increase much more.

Though you may think that closing of old credit accounts help in raising your credit score, this is not so. This is because today’s credit scoring methods punish you when you close your accounts as it tends to reduce the distance between your credit limit and your debt. This thus reduces and not raises your credit score.

You can never raise your credit score by filing for bankruptcy as it only damages and at times, destroys your credit score. In fact, you will reduce your credit score by a minimum of 200 or more points which will be difficult to recover as bankruptcies remain on the credit report for a minimum of seven years.

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By following the tips and techniques here and on http://TipsforFastCreditRepair.com, you will be able to considerably raise credit score and get a good credit rating.