Could eny one tell me how to better my credit raiting coz its crap?

Since I don't know your situation, I can't give you specific advice. But here are some things you can do.

1. Stop using your credit cards, or you'll never get out of debt.

2. Make sure you pay your bills on time.

3. Pay more than the minimum amount due on your credit cards. Better yet, pay more than the amount of interest that's added on each month, plus the amount of any new charges during the month. Frequently, the minimum payment will be lower than the amount of new interest. If you only make the minimum payment, you'll continue to get deeper in debt, even if you aren't using the card.

4. If you get offers for new credit cards with lower interest rates, get them. Then transfer your higher-interest balances to the new cards. DON'T USE THE NEW CARDS TO CHARGE ANYTHING.

5. If you own a home or condo, try to get a loan on the equity you've built up (called a "home equity loan"). Even if you get a less-than-great interest rate on the equity loan, it'll probably be better than the rate on your credit cards -- and your overall monthly payments won't be as large.

6. If you own any stocks, sell enough to pay off your credit card debt. Unless something really unusual happens, the earnings you'll lose on gains in the stocks won't be anything close to what you're paying in interest on the credit cards.

7. If you have multiple cards, pay off the one with the highest interest rate first. Then pay off the one with the next highest rate, and so on.

ONCE YOU'VE PAID OFF THE CARDS, CUT THEM UP AND DON'T USE THEM AGAIN.

Get a credit card, pay on time. The more debt you have and be a good payer, the better your credit score. Also owning your own home and getting married helps big time!

Credit Scoring - How it Works
. Credit scoring is a statistical method that lenders use to quickly and objectively assess the credit risk of a loan applicant. The score is a number that rates the likelihood you will pay back a loan. Scores range from 350 (high risk) to 950 (low risk). There are a few types of credit scores; the most widely used are FICO? scores, which were developed by Fair Isaac & Company, Inc. for each of the credit reporting agencies.
Credit scores only consider the information contained in your credit profile. They do not consider your income, savings, down payment amount, or demographic factors like gender, race, nationality or marital status. Past delinquencies, derogatory payment behavior, current debt level, length of credit history, types of credit and number of inquiries are all considered in credit scores. Your score considers both positive and negative information in your credit report. Late payments will lower your score, but establishing or re-establishing a good track record of making payments on time will raise your score.
Different portions of your credit file are given different weights. They are:
35% - Previous credit performance (specific to your payment history)
30% - Current level of indebtedness (current balance compared to high credit)
15% - Time credit has been in use (opening date)
15% - Types of credit available (installment loans, revolving and debit accounts)
5% - Pursuit of new credit (number of inquiries)
The most important factor for a good credit score is paying your bills on time. Even if the debt you owe is a small amount, it is crucial that you make payments on time. In addition, you may want to: keep balances low on credit cards and other "revolving credit;" apply for and open new credit accounts only as needed; (IF YOU APPLY FOR LOTS OF CARDS, THAT WILL PULL YOUR CREDIT DOWN, IT IS CONSIDERED A HARD PULL) and pay off debt rather than moving it around. Also don't close unused cards as a short-term strategy to raise your score. Owing the same amount but having fewer open accounts may lower your score.

If you are looking for a Mortgage or a Auto:

Recent changes minimize the negative effects that rate shopping can have on a mortgage applicant. If there is a consumer originated inquiry within the past 365 days from mortgage or auto related industries, these inquiries are ignored for scoring purposes for the first 30 calendar days; then, multiple inquiries within the next 14 days are counted as one. Each inquiry will still appear on the credit report.

Every score is accompanied by a maximum of four reason codes. Reason codes identify the most significant reason that you did not score higher. The reason codes can help a lender describe the reasons for higher than expected rates or loan denial. Scores are not part of the credit profile and are not covered by the Fair Credit Reporting Act.

Your credit report must contain at least one account which has been open for six months or greater, and at least one account that has been updated in the past six months for you to get a credit score. This ensures that there is enough information in your report to generate an accurate score. If you do not meet the minimum criteria for getting a score, you may need to establish a credit history prior to applying for a mortgage or auto.

as well as all of the previous answers - everything is pretty much covered - make sure you are listed on the voters roll at your current home and that you have accurate deatils of every address you've lived at in the last 5 years, including postcodes and dates, this will make a huge difference if you have moved around a lot. And make sure all your credit companies are up to date with your current address - if you are getting bills and offers of credit mailed to your old home you are leaving yourself wide open to fraud.

the first thing u have to do is call 1-888-5optout. this will stop all the credit card advertisments from being mailed to u. this will up your score by 5 points. next thing u have to do is reduce your credit card debt. If u reduce the debt so that it is not more then 50 percent of the max, this will also help your score. good luck.

Pay those bills on time

Stop spending more than what u make. Don't open new credit/ store account and start paying your bill on time.

The #1 thing is to pay the minimum by the due date. After that any other money that you have should go towards reducing your debt.

There are two schools of thought on debt reduction. Either pay your highest interest debt first or your smallest balance. Paying your highest interest debt gives you the highest effective return on your debt. However it can be psychologically easier to make the payments if you eliminate some debts pretty quickly.

It takes effort to improve your financial situation, but you will feel much freer being out of debt.

maintain your credit within your agreement - pay on time and the agreed amount - easier to set up a direct debit. Do not pay anyone to make it better - there is no such service - all cons.

I have the same problem. You must try an keep regular payments, if you cant, tell them, dont ignore letters from them, and as you pay each month, you will higher your credit rating.
I think?

Make sure you have no late payments to existing credit agreements, and if you are to apply for further credit if you get a decline dont apply for another straight away, leave a few months in between.

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