CrysV
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Yes, what all these people said is right. It also helps if there's a nice big gap between what you owe on a card and your credit limit. So the higher your credit limit (and the less you owe on that card), the better. Also, it's good to have long histories with a card, so even if you pay off a card, don't cancel it. And don't apply for any new ones. Finally, check your credit report and make sure everything in there is accurate. |
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roskoroskorosko
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Pay off all your debt. This is the best way. |
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Heart
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Pay your bills on time. Also if you're able to take out a credit card. It only needs a small limit. Charge some on it, don't overdue it though, just enough that you can pay on it each month and that will get reported to the credit agency. If you decide to cancel credit cards just cut them up so you can't use them. Don't call and cancel as this can look bad on your credit score. |
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Mistress
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Yeah, pay your bills on time. Try not to keep a balance on your credit card. Don't apply for credit unnecessarily because every inquiry to your credit lowers your score. |
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disturbed
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Pay your bills on time. |
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v k
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pay off your credit cards, and always pay on time. |
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sagegranny
 |
1. Paying your bills on time is the first step.
2. Have a home (mortgage) that has been paid on time.
3. Being employed for many years.
4. Showing stability in revolving credit accounts (longevity) |
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Apples to Apples
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Pay your bills on time for 6 months. This will definitely work. If there are any negatives on your credit report, submit your own comments to explain circumstances that caused you to be late or whatever. |
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Jon S
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Paying your bills on time for at least a year. |
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Phoenix Rising
|
-Pay your bills on time
-Pay down any debt ASAP
(when you do pay off any credit card balances DO NOT CLOSE THE ACCOUNT. Part of your credit score is based upon the ratio of your outstanding credit card debt versus your total credit available on all of your cards. Keeping your paid off credit card account open increases that ratio in your favor, as long as you do not ring up more debt on the card).
-Pay any library fines on books, any parking tickets, utilities bills, etc. on time. All of this information is now being reported to credit reporting agencies.
-Place yourself on a liveable and reasonable budget
-Understand the how's and why's of your attitude toward money and change any negative, destructive behavior.
-Become educated about finances, savings, investing.
See below for some good places to start.
Best of luck to you. |
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UOPHXstudent
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Paying your bills on time
Not requesting any loan or credit agency to check your report
Gettting rid of high balances
Closing credit card accounts if you have more than 2
Most important bill to pay on time is a mortgage and car loan Keep these current at all times |
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QB
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Paying your bills on time,
Not opening up lines of credit
Not having that many credit inquiries (like when you try to buy a car and they look at your credit)
Paying your bills off in advance |
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lil' angel
|
Pay your bills not only on time, but more than the minimum.That way you pay them off as soon as possible
A great way to get your score up, is to open an account with your local department store.
Charge $100. And when you get the bill pay it off all at once.
Sounds like shooting yourself in the foot, but it actually works.
Do this a few times with money that you have, say put aside, for things that you need anyway.And before you know it, along with my first suggestion you will have stellar credit... |
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woundtootight13
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pay bills on time and in full. |
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CSUflyer
|
Pay you bills on time ALWAYS. Not just 6 months. Lenders (who are the ones that generally care the most about your score) want to use this score to evaluate how risky an investment you are. The risker you are, the more money they are going to require from you in interest payments costing you lots more money. Be responsible and try not to use debt at all, except for your house...that means don't lease a car, never take out a loan on something like furniture or a computer. Simply pay your bills on time and be responsible, your score will slowly go up and your interest rates (and even your car insurance premiums believe it or not) will start to go down. Good luck |
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Dave Gee
|
Your credit score is usually* made up of the following:
1. Your income
2. Your job stability (how long you have been employed)
3. Homeowner status
4. Your credit history (missed payments etc)
Your income is an obvious one - get a better job and you will be more likely to get credit. Also the longer you have been in a job the better. And whether you own your own home can help - just look at companies such as http://www.homeloanhouse.co.uk and you will see just how much enphasis they put on homeowners.
The advice you were given seems sound; don't miss any more payments and your cradit rating will improve. I would recommend setting up a seperate bank account for your bills with an overdraft, and have ALL your bills coming out of the one account monthly by direct debit. Believe me it will simplify your finances no end. And when that car insurance comes round - you should have the funds to pay for it (if you budget right).
Failing that - actually borrowing more can increase your credit rating (again assuming you don't miss any payments). Companies such as the following can help find a good deal:
http://www.niceloans.co.uk
http://www.homefinance.org.uk (homeowner specialist)
http://www.everycase.co.uk (bad credit specialists)
I hope this helps. If you need any advice, I recommend you speak to an IFA - they can be free and can help with all aspects of your personal finances.
There is also a wonderful article here that will help no end: http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1101485056,23650,
Thanks,
Dave Gee
Personal Finance Guru (at least I like to think so)
*Your credit score can vary from loan company to loan company, as the 'score' is often determined by themselves and not a third party . |
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brooke d
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from experience i think if you pay off all your credit cards and have only one with a low limit like $500. use that card for gas or other small purchases and pay off in time.
your debt ratio will be lower therefore |
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john b
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First, and foremost, get a free credit report, and make sure all your information is correct, and who is seeking your credit report, and if you have identity theft. For every credit request, your score goes down. |
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duoak
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Pay your bills on time and pay more than the minimum each month. |
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Shadowgirl
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Get a job and pay your bills |
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jen w
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While taking a decision on your loan approval, your lender will determine your credit score. The most common scoring method used is FICO scores. These ratings are usually used for determining your eligibility for mortgages. |
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Joey K
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By things that you know you can pay off, and buy them on credit. |
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Bella
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You need to pay all your bills on time for at least 2years to get your score up.. |
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Mujer Bonita
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Pay ur bills on time, all the time if you can do it. |
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Success Infinites
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Inaccurate files, especially if they are in a derogatory status can significantly impact your credit score AND the possibility of qualifying to make purchases such as a home or a car..often times even a credit card!
PLUS, your interest rates can be much better with a higher credit score, which could potentially save you hundreds of dollars per month in interest payments!
Unfortunately, as unfair as it is, for many people, poor credit is a reality... UNTIL NOW!
With BetterCreditPro, we follow all the laws of the Fair Credit Reporting Act to dispute and attempt to eliminate any inaccurate files on your credit report.
Go here : http://mshocair.bettercreditpro.com/ and simply fill out the form .
Good Luck . |
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Nate H
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Run up big debts, pay interest for a while then pay them all off. Never miss a payment date. |
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CoreSpeedMetalThrashGenreRockRap
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Pay your bills.
Why are you worrying about your credit score? You should worry about the important one:
STREET CRED! |
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Health nut/Extremley Active
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Pay your credit card off. |
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Richard G
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exactly....pay them |
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