Ways to improve credit over a one year time frame?
Answers:
pay down your high credit cards. close as many credit accouts as possible. keep all your payments on time. The mortgage company will look at outstanding debt. Possible future debt and how you pay your bills more then the actual score. For example if you have a credit card with a 5,000 line but only owe 200 then they are looking at the fact you could borrow another 4800 from them. You need to close as many accounts as you can and only use one or two low interest credit cards.
Get a prepaid credit card. You put money on it to use it. They report like a normal credit card, should boost it alot.
make sure everything on your credit report is paid and keep paying your bills on time..
Hello,
There are so many ways. I will give you links to a couple of the best.
Do not let other people distract you or say it can not be done.
Good Luck
If you have credit,ie: credit cards, keep them down below 50% or pay them off every month ie: zero balance.
If you don't have any credit at all...go online get one or two prepaid credit cards use them and pay them in full everymonth.
Even better if you have a car loan..or mortgage loan
best Scenario would be 3 trade lines, one or more being over 4000.00 credit limit.
If you have charge off's collection,,,,they need to be paid or as I have mentioned before if they are over 5 yrs old don't pay them...write a long letter to EFX,XPN,TU .There is no benifit to you in paying off any charge off or collection over 3yrs unless the dollar amount is over 3000.00. all others write to the credit agencies and make them take them off ""If over 7 years.
You can start out by opening a checking account or taking out a small personal loan from your bank. But this is only the first step in building your credit. Eventually, you're going to have to get a credit card to really help improve your credit score. There's actually a wide range of issuers who have credit cards designed specifically for this purpose. You can find a complete list here:
http://www.asapcreditcard.com/unsecured-...
Although these offers tend to have higher interest rates (and additional fees) when compared to 'standard' credit cards-- they'll give you the opportunity to prove your credit worthiness and improve your credit score over time. Eventually, with regular on-time payments-- you'll be able to qualify for better offers with lower APRs and less fees. But for now... these are your options.
Hope this helps. GOOD LUCK!
Maybe you can try below website to get the information you need. It's about increase your credit score articles for your second opinion.
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