Credit Score (FICO) basics - How to improve credit scores

MarissaSmith · Guest 0 Magic Points

I am a stay at home mom and my husband works. His credit is shot but my credit is fair around 650 How can I get a higher credit line without being employed?

Joined: 08 Feb 2010 Posts: 2675 48566 Magic Points

Hi,

If you could provide more details on your credit, I will be able to help you in improving your credit score.

Thanks,

Aaron

SamahJuana · Guest 0 Magic Points

I had a medical bill and then it went to collection because I did not have the money. I finally paid it off but it already went to collection. What can I do to repair my credit before I leave college.I also have a bill that is deliquent but I am paying it off. What should I do?

Joined: 08 Feb 2010 Posts: 2675 48566 Magic Points

Hi Samah,

You can send goodwill letter to the collection agency for the debt that has been paid off. As for the one on which you are making payments, you can request the collection agency to agree to "Pay for delete" (PFD) agreement. If the collection agency agrees to PFD, the negative will be removed from your credit report.

Thanks,

Aaron

Cory · Guest 0 Magic Points

Does paying a little extra on car payments, mort etc. Help your credit score? or is this just a myth.

Joined: 08 Feb 2010 Posts: 2675 48566 Magic Points

Hi Cory,

Paying extra on your car loan, and mortgage does not do any extra good to your credit score. If you make on time payments, your credit score will increase. However, it is true that if you make extra payments towards your accounts, the debt gets paid off early, and the chances to miss payments lower.

Thanks,

Aaron

Bill · Guest 0 Magic Points

how to raise a 500 score to 600?

Joined: 08 Feb 2010 Posts: 2675 48566 Magic Points

Hi Bill,

You need to provide details on your present credit and debt so that the members and guests in this community can help you in solving your problem.

However, to improve your score you need to maintain your on-time payments on your credit accounts. Check your credit reports for any wrong listings and negative listings. Dispute the wrong listings with the credit bureaus. Try to remove the negatives by paying off your dues and negotiating "Pay for delete" on these negatives.

You can also get added as an authorized user on a relative or friend's account. This person should have a good credit score. For more details on improving credit score refer http://www.creditmagic.org/knowledgebank/credit-scoring.html .

Thanks,

Aaron

Col · Guest 0 Magic Points

I was recently house hunting and unfortunately the mortgage company pulled my credit several times, but when I checked my report I found that each one shows up as a new inquiry even thought they were all within a 30 day period. If all credit pulls in a 30 day period are treated as a single inquiry how can I get this fixed on my credit report?

Sherita · Guest 0 Magic Points

Hi Carol my question to you is if my credit is bad and i really want to pay off some of my debt but financially i cant are there any organizations that can help me with this. i have a 2 year plan to be completely debt free.

Joined: 24 Oct 2010 Posts: 15 136 Magic Points

Are their any other methods I can use to build my credit? I hear there are the use of public filings that will give your credit a boost. Have you come across this information?

Joined: 08 Feb 2010 Posts: 2675 48566 Magic Points

ipadappreviews · Guest 0 Magic Points

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Hello. Great career. I did not expect this on a Wednesday. This is a great account. Thanks!

K · Guest 0 Magic Points

My father co-signed my Condo Mortgage 7 years ago.
Since then, I have re-built my credit and have a score in the 700's.
I have recently gotten married and my husband (whose credit is in the in the high 700's) and I are moving out of the area. My parents have offered to take over our mortgage and rent out our condo. Would it hurt my credit to remove myself from this mortgage?
Please advise.
Thanks,
K

Trevor · Guest 0 Magic Points

Dude, I was stoked to see my credit was still a mid score of 700 with 3 lates on a mortgage after 18 months. The landlord ran it. I was like What? that is so cool. I will be back in the game soon

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