Comments on: Raise your credit score fast and free

By: Mia

Mia — Mon, 19 Oct 2009 20:38:04 +0000

I am in the process of cleaning up my credit and I don’t have any revolving credit. What credit card company should I start with? Last month my fico was 649, but I have paid off a few more debts since then. I did read your advice on how to build my credit score in little or no time, but again, which company do you suggest I begin with?

By: Branden

Branden — Sun, 18 Oct 2009 17:51:12 +0000

I recently paid off a few debts. It took around 3 months (90 days) for this to actually show up on all 3 of my credit reoorts. After my score jumped almost 100 points!!

By: My Credit Score – Has It Really Jumped 41 Points? «Out of Debt Again

My Credit Score – Has It Really Jumped 41 Points? «Out of Debt Again — Sat, 17 Oct 2009 14:13:41 +0000

[...] Useful? From there, I landed up at DebtKid’s site. Yeowch. I was reading his post on how to raise your credit score and I got to wondering if my score has risen since I checked it last on August 31st. I had hoped [...]

By: Angela

Angela — Thu, 15 Oct 2009 18:58:04 +0000

My fiance and I are trying to buy a house. After the first pull of credit we saw that his credit score was too low. We paid off 5 out of the 6 cards he had open. We did not close them. Some of them, he had missed a payment. I understand why his credit is bad. It has been close to 60 days, and his credit score has not improved! It doesn’t even show that we paid the cards off! What should we do now?

By: Above600

Above600 — Sat, 05 Sep 2009 20:28:52 +0000

yes they all are reported at the same time

By: Above600

Above600 — Sat, 05 Sep 2009 20:28:03 +0000

Hi, I am trying to buy a house and I need to raise my Credit Score from 603 to at least 640 within the next 2 months. I have 3 CC and owe about 75%, also I have 2 car loans which I owe under $7,000 on…. I have about $5,000 in medical bills which range from 2003 – 2007. What is the best way to raise my score and should I bother with the medical right now?

By: Traveil

Traveil — Sat, 05 Sep 2009 09:44:12 +0000

hi, I have a Credit score of 535 and i never even had a credit car. The only thing i have had was Cell phones and house phones and Utilitys in my name also i have had bank account that have been charge off. and one repo. I would like to know how to i raise my credit score if i cant get a credit card for nothing in this world every time i apply i get denied how do i fix this i am ready to buy a house and this is ruining my life please help me please

By: Faithhopelove

Faithhopelove — Fri, 04 Sep 2009 21:34:49 +0000

Lori,
Anything is possible, and I say that as a disclosure because of what I’m about to sad. As you well know negative info stays on your credit report for 7 sevens. What I hate to tell you that even if you pay off the debt it stays on your credit report for 7 years. It’s unfair, but that is how it goes with credit reports. What is best for you to do if you ever find yourself in that situation is to make an arrangement with the creditor that in exchange for your payment (full amount of settlement) they will remove the negative info off of you credit report. ALWAYS REMEMBER TO GET THINGS LIKE THIS IN WRITING BEFORE YOU SEND ANY MONEY. I say anything is possible because there is a small chance that you can negotiate with the creditor to remove it since you just paid it off, but don’t be surprised or upset if they don’t do it because they have already gotten what they wanted…the money. If they don’t do it, it’s one of those life lessons that we learn from experience. Always research ie. on google, etc and learn more about your credit report, bureaus, raising your score and much more so that next time you armed with knowledge. Hope this helps.

By: Faithhopelove

Faithhopelove — Fri, 04 Sep 2009 20:29:32 +0000

Even though it’s kind of a tough call because I know you would like to keep the money for the down payment, the truth is with a credit score that low you’re not likely to find a mortgage company that would be able to work with you or a finiancial institute to give you a loan. You are going to have to use that money to get that debt paid off and raise your credit score. I know you want to get a home in the next 3 to 6 months, but you might have to slow down a bit if you can because the better your score 750 or more, the better off you will be with your home loan, APR, etc. Not only that, but you can raise more money so that you can have a down payment. Keep in mind that just paying the debt off doesn’t guarantee it will raise your score significantly. I don’t know the status of your credit card situation such as if any are in collections, how high your debt to credit ratio is on them all, how old your accounts are, etc. Not only that, but there could be other things that have contributed to your score being low. Without knowing the whole story, all I can tell you is that if those credit cards are still open and have not been sent to collections, talk with the credit card companies to agree to either remove the negative debt once you have made payment or reage your account so that again that negative info isn’t showing. PLEASE GET ANY ARRANGEMENT/AGREEMENT IN WRITING BEFORE SENDING ANY MONEY. Once you are back in good standing with them wait about a month or two and ask them to increase you credit limit (this will cause you to have a higher debt to credit ratio and shoot your schore up). Keep in mind don’t use your cards regularly and only use a small amount that you can and will pay off in full every month before the bills even comes. Google raising your credit score quickly and you can get some really good info that you may not be aware to help you raise your score more quickly. Hope it helps.

By: Faithhopelove

Faithhopelove — Fri, 04 Sep 2009 20:04:57 +0000

Carrie,
I understand why you are angry. It’s not right for them to do customers like that, but honestly you have to remember it’s all game. It’s all about money. Not only that, but they can get you with loopwholes and fint print. You may not have been late with your payments that you are aware of, but did you know that if they receive just one payment 1 day late, (not even 30 days) or even 1 minute late that they can charge you a higher APR. In additon to that, any other credit cards you have can charge you a higher APR as well as a result of being late on any of your credit cards. As much as it sucks you have to stay on top of your game. You don’t want to just write them off because number one you need good credit in this day in age to get just about anything you want or need. You might feel like you don’t need credit now, but at some point in your lifetime you or someone in your family that you need to help like your spouse, children, etc might need your help will need credit. Number 2 if you close out this account or any others it could really hurt your credit score even more. Closing out your older or oldest accounts drops your score like a ton of bricks. It’s best to keep your oldest accounts and only close out the newer ones if you absolutely have to close one. Don’t use your credit cards regularly. Purchase a small amount amonthly to keep your account active and listed as good on your credit report and pay it off in full before the bill even gets to you (carrying a balance isn’t good for your score). If you don’t already, pay it online to avoid it getting to them late in the mail or lost in the mail, etc. Finally when you do get your score raised, ask to have your credit limits increased because it will raise you debt to credit ratio and in turn shoot your credit score up even more. Google raising your credit score and you will learn so much info that you might not be aware to get your score back up quickly. Hope this helps.