Helpful Information on how to Improving Credit Score

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SIA

Joined: 18 Oct 2009
SIA's page
Posts: 64

2507 Magic Points

Subject: Helpful Information on how to Improving Credit Score

Sun Oct 18, 2009 6:46 am

I have a low credit score because i have no debt and no credit history. I'd like to apply for a mortgage soon but my mortgage counsellor told me that my credit score is too low. if i open a credit card now, how soon will it increase my score? also, I've paid off 1 delinquent item on my credit report. how soon will that be reflected and how much would my credit score increase from taking something off the delinquent side?

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Mon Oct 19, 2009 1:59 am

You will need to apply for a credit card or some type of credit that will report to the credit reporting agencies so that you can build your credit up.

I applied for a fashion bug account and a fingerhut, got them both and have charged stuff and then make the minimum payment for a few months and establish a payment history. So far it has really helped me.

Cathleen
Guest

Subject: zpDRQrxlFRSeeZxcoIp

Wed Aug 31, 2011 7:29 pm

You're on top of the game. Thanks for shranig.

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* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.