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How can i Improve my credit score faster ?

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Joined: 07 Dec 2010
flowerintrg's page
Posts: 11

146 Magic Points

Subject: Improving credit score
Posted on Tue Dec 07, 2010 11:22 pm  

How can you apply for all those secured and unsecured credit cards when your credit is poor??? And doesn't it mess up your credit score more everytime you apply and they check your credit, and then you still are denied?

Joined: 07 Dec 2010
Elitefinders's page
Posts: 18

269 Magic Points

Subject: Is this true?
Posted on Wed Dec 08, 2010 12:42 am  

After paying off any negative debt on your report, your scores may dip a bit. Especially if they were old stale debt. A good way to bring those scores up by at least 100+ points within 6 months is to get a secured cc if you don't already have credit cards in good standing. Remember to keep the balance at 30% or less of the limit on the cc. and pay it on time.

Joined: 11 Jan 2011
PhoenixMan's page
Posts: 3

82 Magic Points

Subject: Raising your credit score
Posted on Wed Mar 09, 2011 5:30 am  

To shekhar,

There's no quick fix or shortcuts to credit repair. However, there are smart ways to get your credit working for you the way you want it, if you are willing to put in the time and effort and understand the differences between some offers out there over others.

Personally, and you can read all about it on my personal blog at, I've had to deal with defaulted student loans, collections, charge-offs, pay-to-deletes, broken leases, unemployment, family losses, and more. But I was able to get through all of that with time and focus.

Here are a few things I found that helped. Essentially, we're not taught how to control our credit or manage our finances, or how it all works. We learn as we go in this world. Funny, they teach you all sorts of specialized lessons in school, but not how to manage your own finances. We take that stuff for granted it seems. But now that the recession has hit and money is tighter, people are starting to wake up.

For me, it took about two years to bring myself back from the pit. I'm talking almost down to 500 and below when I started digging out. As of last month, I was at 696. Here are some quick tips:

1. Check out credit unions - they'll be more flexible with their credit card offerings and a little more lenient in their view of your credit report. In some cases, they only look back 3-4 years versus a full 7 or so, which helps. Plus they can sometimes get you a mix of lines. For example, I was recently given a $5k unsecured Visa, plus have the flexibility of getting $2500-5k more in a personal line of credit when I want it. No fee on the visa and 9.9%APR. I can get the personal line for less % too.

2. If you have other cards you're trying to pay off, organize it this way: a) Organize them from highest interest rate to lowest. b) pay minimum payments on all of them, but take all of your leftover money you can pay extra and put it on the highest one. c) once the highest one is paid off, leave it open for the good credit history but don't use it but once a quarter. d) Start overpaying on the next highest and repeat on down the line til they're all paid.

3. Tradelines and utilization. Do you have any other revolving accounts outside of the Visa you're aiming to get? Maybe there are possibilities there for you to expand your credit through some store credit lines (either some place brick n' mortar like one of those big box stores or online like or amazon, etc.) But here's the key. Always keep it paid on time and use no more than 25-30% of your total available.

I compare credit reports and histories to resumes. It's about building good references. If you're walking in to get a new job, if your past references look great on your resume, you'll likely get hired. Same with credit. If you have good reference and proof of good habits, you'll get more credit. And I'm not saying go out and frivolously get random credit, I mean get your credit history good enough to get the necessary credit lines you need for life and family, like car loans, mortgages, etc.

There's more I've had to go through including stuff about how to get out of defaulted student loans, etc. at my blog if you want to take a look. Feel free to comment or email me too if you have questions. I'm no expert, but I've learned more from personal trial and error than anything else, and perhaps I can save you some time on something.

PS! To flowerintrg's post above...

Exactly right! Be careful about opening too many credit lines at one time. Each time you apply, they pull your report. Each time it's pulled, it can put a temporary hit to your score. Be extremely careful and choose wisely (and spread out over I quick fix!).

Posted on Thu Apr 07, 2011 6:49 pm  

I started with a 500 credit score in 2008, got the Orchard and household credit cards, then about 5 store cards, and 1 personal loan....all in all, raised my score from 500 to 701 today. Just keep using and paying the credit cards. Over time it works. And don't touch the collections at all. Don't call them just wait it out. I have a 4 collections account, all are going to disappear by end of 2011. I figure once they are gone, should be sitting at 750. But after 2-4 years, they can't touch you anymore. Those collections are just trying to get you to restart the 7 years that it will stay on your report, even if you decide to pay them. Remember, its 7 years from the date of last activity, so if you decide to pay them now, the 7 years start all over again.


Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883

1916 Magic Points

Subject: credit
Posted on Wed May 18, 2011 12:29 pm  

I know sometimes there doesn't seem to be a 'light at the end of the tunnel',..but, believe me, there is!! When I seperated (and divorced) my EX left me with so much bad debt accounts. I just called each one and explained situations, etc. Most of them were pretty good at 'working with me' (however, it didn't happen 'over night dealing with these people). I feel like I really accomplished some things!! My credit has gone up a few points. I just keep 'plugging away' at what I have 'control of' instead of what I don't. Hope this makes sense and hope its helpful.


Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883

1916 Magic Points

Subject: credit
Posted on Sun May 22, 2011 8:01 pm  

Keep paying on the debt you have now...make timely payments on CC's, loans, that kind of thing. Every time your debt goes down (and it does when your balances go down), your credit score actually comes up a few points..........and a few points is a few points~~!! Very Happy


Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883

1916 Magic Points

Subject: credit
Posted on Sun Jul 08, 2012 1:59 am  

Some lenders see a 590 score to be 'fair'. Actually..I get my credit scores and information on my credit and all 1 CRA rate my 580 as 'fair'. Was able to get a credit card to improve my credit (a $300.00 limit). Sure does help to improve my credit. I pay the balance every month instead of just the monthly payment.

Joined: 03 Sep 2013
Teresaannspears's page
Posts: 4

204 Magic Points

Posted on Tue Sep 03, 2013 3:48 am  

PhoenixMan how do i check on the credit union CC you are talking about

Joined: 19 Aug 2013
milesmaxx's page
Posts: 6

128 Magic Points

Subject: How can i Improve my credit score faster ?
Posted on Sat Sep 14, 2013 6:35 am  

According to me, there is no quick way to fix a credit score.The best advice for rebuilding credit is to manage it responsibly over time. If you haven't done that, then you need to repair your credit history before you see credit score improvement.Credit score repair begins with your credit report.Making your credit payments on time is one of the biggest contributing factors to your credit score. This is easier said than done, but reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score.

Miami Beach Real Estate

Joined: 12 Sep 2013
rblack's page
Posts: 40

215 Magic Points

Posted on Wed Sep 25, 2013 12:28 pm  

Try to pay off your bills on time in order to reestablish your credit score. If you owe to the creditors, then start paying off to regain control over your financial state.

Subject: credit score
Posted on Sat Jun 21, 2014 6:49 pm  

I have a credit score of 561 and I knw isnt a good score. I have a class to attend on July12th to own my own home but u have to have a score of 620 if not dey give you time to get it there. I've been having Lexington Law Firm working on my credit for little overa month and I've already seen two negative items removed off my credit is there anything else I can do to help speed things up dont wnt to be working on this to long to get my score where First Home Buyers wnts it to be to start owning my own home.

Joined: 24 Jul 2014
DibbaDemelab's page
Posts: 3

56 Magic Points

Posted on Thu Jul 24, 2014 4:47 am  

Improving score it takes time. So, be patient. You need to know that it takes time and discipline to improve credit scores.

This are the steps that will help your credit score improve.

Know what goes into a good credit score.
Pay your bills on time.
Keep your credit card balances low.
Manage your debt.
Don't close old credit cards.
Limit your applications for new credit.
Watch your credit report.

Joined: 28 Jul 2014
LucyCowlergni's page
Posts: 7

64 Magic Points

Posted on Mon Jul 28, 2014 6:05 am  

It takes time. Don't be hurry.

The best way to improve a credit score is by making on-time payments.

Payment history accounts for 35% of a credit score, but there is no need to dig yourself into debt to improve your credit score.

Qualifying for a low-limit credit card is all you need. Make a few small charges each month and pay your account in full each and every month.

Keeping charges below 10% of your credit card’s limit is good for your credit score as well. So if you have a card with a $500 limit, keeping your monthly charges below $50 is also a good, credit-building strategy.
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Joined: 31 Jul 2014
SashaDentinoice's page
Posts: 5

76 Magic Points

Posted on Thu Jul 31, 2014 7:44 am  

If you’re looking to improve your credit score, you must first identify what’s holding your score down so that you can address the problem and focus your efforts where they’ll have the greatest impact. Here are four steps that’ll get you started

1. Check Your Credit Reports for Accuracy

Your credit score is solely based on the information reported in your credit report. If the information in your credit report is inaccurate, so too will be your credit score. For this reason, you’ll want to make sure you check all three of your credit reports for errors. If you find errors, be sure to dispute the items directly with the credit reporting agencies to you have them corrected. Under the Fair Credit Reporting Act, you’re entitled to one free credit report from each of the three credit reporting agencies once every 12 months. Learn how to claim your free annual credit reports.

2. Find Out Where Your Credit Score Currently Stands

After you’ve verified that the information in your credit reports is accurate, it’s time to find out where your credit score currently stands. Unlike credit reports, your credit score is not included in the annual freebie so you’ll need to either pay for access, or use a free credit score resource, such as’s free Credit Report Card.

3. Find Out Why Your Score is Low

Credit scoring models are designed to include “score factors” or “reason codes” that explain where you lost the most points in your credit score calculation. These factors are specific to your individual credit history and will vary from person to person. There is no “one size fits all” credit improvement plan, but with the help of your score factors, you’ll be able to outline your very own credit score improvement plan that’s specific to your credit DNA.

4. Outline Your Plan and Stick to It

Now that you’ve identified the causes of your low score, it’s time to put a plan in place and stick with it. Generally, there are three main causes for low credit scores — too much credit card debt, negative information caused by poor credit management, or a combination of the two.

If your credit score is low because of too much credit card debt, fortunately, you’re looking at a quick and easy fix — provided you have enough cash on hand to pay down the debt. A large percentage of your credit score — 30% — is based on your revolving utilization, or the proportion of your balances in relation to your credit limits on your credit card accounts. By simply paying down your credit card balances you can see your credit score improve almost overnight. As soon as your credit card issuer reports the update to the credit reporting agencies, your credit score will reflect the change.

If your credit score is low as a result of negative information, unfortunately, it’s going to take time and consistent changes in the way you manage your credit obligations. You’ll first need to address any outstanding collections or unpaid debts, and from there, you’ll want to begin adding new positive credit information to your credit reports to help offset the damage. The key here is to be realistic about the time it will take to improve your credit score. If you’ve suffered from past credit problems, the fastest, most effective way to begin rebuilding your credit and improving your credit score starts with adding positive credit information and managing the accounts impeccably this time around. That means making all of your payments on time, and making sure you keep your credit card balances low.

Joined: 04 Aug 2014
MarshaGallag's page
Posts: 2

22 Magic Points

Posted on Mon Aug 04, 2014 4:54 am  

Payment History
Utilization Ratio
Length of Credit History
New Credit
Types of Credit in Use

The best way to build credit is to:

Maintain one or two credit cards. (The older, the better.)
Pay your cards in full every month. (Or every week, as I do.)
Never, ever, EVER be late on a payment. Like, ever. (Easiest way to do this? Automatic payments.)
Keep your “utilization ratio” under 20 percent. (Easiest way to do this? Pay in full weekly.)

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