Information to help you qualify for credit
We all have credit reports and credit scores. What or who determines your score? Is it based on your payments and good credit/bad credit history? Is it computer generated or does an actual person go in and make that determination?
I recently paid an old debt of $900 and I am now debt-free. However, my credit score is only 550 due to financial problems over the past few years. I really need to build my credit so I can buy a car soon. I would rather not get a credit card to build my credit. What are some other ways to build credit?
Over a year ago I paid off all of my accounts that went to collections and all my credit cards. I recently purchased a new car with a co-signer and I pay more than the payment amount every month. However, my credit score is still in the 400′s! What else can I do to improve my credit score?
Free report at: www.CSBCards.com – (*24hr Recorded Message (775) 473-9014*) CREDIT REPAIR: info from the credit secrets bible Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast! What’s the fastest way to raise your credit score? To quote the magazine salesman from the classic movie Office Space “That all depends”… While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better. Here’s why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative ones. Unfortunately, few consumers or credit repair companies know this. One of the biggest problems with trying to get approved for new credit is that you need to “have” credit in order to be approved. This causes a sort of catch 22. How does one “get” credit if no one will give them credit because they don’t have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don’t have a cosigner, read on. Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors: 1.) The “High Credit Limit” and 2.) Your “Debt to Credit” Ratio.
I recently opened a new credit card and then my fico score dropped 50 points shortly afterward. How long will it take for my credit score to recover from opening a new account and regain those 50 points?
Whenever I apply for any kind of credit, I tell the lender what my credit score is but they still check my credit. All the advice I have seen talks about the importance of knowing your credit score, but what’s the importance of knowing my score when the creditors run it anyway? Also, how do we know that the interest rates that we get are the best available for our credit score? Is there some sort of chart that we can check our credit score on that will tell us what rates we qualify for?
I have a good credit score but I have unpaid collection accounts on my credit report. Would a lender expect me to pay those before approving me for a mortgage? Will they really care about what is on my credit report as long as my credit score is high?
I have recently paid all of my credit in full and my credit score is slowly rising. I, like a lot of people, made mistakes and damaged my credit when I was younger. My Scores range from 579 – 618. Is this high enough to get a car loan? If not, how high does it need to be?
1. If I apply for a new credit card (visa signature) but cancel my old visa card? If my current credit score is 750, what will be my score after doing so?
I am not talking about a great interest rate loan, but just baseline, what credit score do I need to qualify for a loan at all? Due to some student loan troubles over the last 12 months, my credit score plummeted into the 500s (from around 700), but I make 6 figures with minimal debt so I’m wondering where I need my credit score to be before I can even consider a mortgage.
I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this “possible credit” to go towards the new card. I heard once that canceling a credit card has a negative effect on your credit score. Is this true? If so, how do I switch credit cards and avoid affecting my credit score in a bad way?
Last year I got my free annual credit score, which takes your score from all 3 bureaus. Then 6 months ago I did one of those free 30 day trials to get my credit score and it was 517. I haven’t made any payments to my only negative account since then, but now my score is like 624 on a free Experian one I did today. How different are the two scores?
Learn about a 3 bureau credit score. For more info, go to ezinearticles.com To repair a credit rating, go to consumercreditrepairhelp.com
Say you are in good standing, never late. always pay the balance. but you have too many credit cards. So when you cancel that credit card, what happens to your credit score? Does the credit limit you had for that card get erased from the records after all those years of building the credit limit to help your credit score? How does this affect your credit score?
I would prefer answers from people who work in the credit industry and can tell me roughly the number of points, and how long it will take for my score to recover once the new higher available credit kicks in…
I know part of your credit score is determined by how much available credit you have. I closed several cards a few years back before I knew it would hurt my score, and now I have very little credit available. I have excellent credit otherwise, and pay off anything I charge the next month. However, I do have a balance I’ve been slowly paying down, and want to open a new card so that my balance takes up less of a proportion to my total credit debt.
How much will this ding my credit in the short term? And how long will the point drop last?
www.onlinecreditstrategies.com Restore credit score ideas and tips to raise FICO and restore credit score to previous levels above 700. Credit repair expert Mick Bernard speaks about the process to restore credit scores and once again make yourself eligible for better interest through credit restoration services 866-575-1414
Ok, past credit messed me up. I have a judgment that’s almost paid off and now I am trying to raise my credit score.I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to ” piggy back” on a relatives good credit ( have them add me to one of their good accounts and not use it) Is this safe and is it legal? I would love to hear constructive ways to increase my credit score. Please don’t judge me. Almost all of my ” bad” credit accounts have been paid off. I put my sons first after I got divorced. They lived in the house that I paid for while I lived in a basement.
What is in a credit score? www.scorechicago.org An excerpt of an interview with Mark E Goodman and Matthew Sapaula, financial planner on CAN TV21 Hotline show recorded March 2, 2010. In this segment, Mark and Matt discuss your credit score. How do credit score companies keep your information. Whats involved in the process? You can watch the entire interview at http
I have only have one revolving credit card, and I have a very high credit score. Because of this overall score they subsequently increase my credit line, even though I don’t ask for or use this revolving line of credit. Question? I have been told if you ask for a credit line decrease they lower your overall credit score? Why? What can you do to minimize a lowered credit score?
My credit score is about 615. I am working on improving my score so that I can qualify for a mortgage loan with low financing in about a year or so. I currently have an auto loan, and 3 revolving credit accounts. (All bank credit cards) Two of the revolving accounts are new, and the other almost a year old. My auto loan will be a year old in July of this year. Should I apply for more credit to get my score higher? If so what type of credit? What is a good mixture of credit to have to get a person’s score higher? Any advice is appreciated. Thanks!
Our very own Bankaholic Banker Alicia Lagan shares some great tips on how to raise your credit score (FICO).
My current credit score is 745 and I’ve built it solely by using credit cards and paying on time (but never had any loans). Somebody told me that the absence of installment loans will prevent my score from climbing much higher. Is it true? Should I take some consumer loan to boost my credit score since I am planning to apply for a mortgage in the near future?
I owe $2,654 but the lady said if I pay $1,900 for a settlement she would say it was paid in full, but my question is; will my credit score go back up once I paid the full amount?
My credit score is 615 and I’m trying really hard to get a motorcycle or a loan for one. Could somebody help me with a site or somewhere I can go? Please, no answers about how I should pay my bills on time to get better credit, I’m a college student and I have no money.
Trying to increase your credit score? Here are the 3 best ways to improve your credit score.
I have 2 credit cards on my credit report that I’ve never used. I’ve heard that the less credit you have available the higher your score will be (less cards/credit to max out on). But I’ve also heard that if you close accounts it lowers your score. Should I close them?
Credit Score – 5 Factors that influence your score
I have a visa credit card with a credit limit of $15K and an Amex card with a credit limit of $10K. I spend about $3k total on the two cards each month. I pay the balance every month before the due date (no finance charges). I don’t have any other loans or debts. My credit score is 690 now. Is it possible to get a credit score of 850 in 2 years at this pace? Will the high credit limit affect my score ?
How much will my credit score increase if I were to pay off 50% of my credit cards within a 2 month time frame? My current credit score is 568 and I’m hoping to increase it to 700 
I’m planning on getting a car by the summer and I want a great credit score…
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