CreditTheHardWay

3 Contributions 385 People Helped

Member Since: May 2014

Most Helpful Contribution

how can i raise my credit score 100 points in 6 months

May 02, 2015
158 points in 45 days
Helpful to 359 out of 391 people

I went from a 496 TU to my current 654 in a little over 45 days and I'm still  getting positive bumps every two weeks. Just follow the basic formula and anyone can do it. At my current rate I should be hitting mid 700s by summer time. 

-Pay bills on time

-have 3 open credit cards with utilization below 10%

-pay off old collections starting with the most recent ones as they have the greatest impact on your score

-don't apply to too many places. Get your three cards and call it quits. it's all you will need for now

It's very simple. 

Activity (3 Total Contributions)

how can i raise my credit score 100 points in 6 months

May 02, 2015
158 points in 45 days
Helpful to 359 out of 391 people

I went from a 496 TU to my current 654 in a little over 45 days and I'm still  getting positive bumps every two weeks. Just follow the basic formula and anyone can do it. At my current rate I should be hitting mid 700s by summer time. 

-Pay bills on time

-have 3 open credit cards with utilization below 10%

-pay off old collections starting with the most recent ones as they have the greatest impact on your score

-don't apply to too many places. Get your three cards and call it quits. it's all you will need for now

It's very simple. 

What should I do to increase my credit score fast

Apr 14, 2015
I've done it
Helpful to 16 out of 16 people

Well, My scores were 490TU 507EX and 55EQ as of 1/26/15. I was looking in to getting a VA home loan and was directed to a credit specialist who was able to pull my scores and disect my credit. It wasn't pretty. 

My first plan of attach was to analyze and target the items which had the highest and immediate impact on my score which were recent collections with the highest balances. I paid those off first. Then I paid off the rest one after another. Simultaneously I increased the credit line on my secured credit card to $2000 and got another secured credit card for $500. I make sure that my DTI (debt-to-income ratio) is always around 5%. 

I suggest signing up with some place like CreditRepair.com because they can do the tedious legwork of sending out requests for removals. Not sure about you but I don't have the time to send out hundreds of letters for hundreds of items on my credit. I let them do that. Don't get me wrong. CreditRepair.com has helped me a little bit but I mostly use them to clean things up. I have used them since March of 2014 and seen only very minor increases in my score. The most impact on your score will be from on time payments and low DTI coupled with paying off recent collections.

These are my scores which were pulled by my credit advisor as of 4/8/2015:

617TU 545EX and 606EQ

The results speak for themselves. Keep in mind that my scores did not improve until I actively started paying things off which was beginning of March! That's a 100 point swing in a month! It can be done. Just get organized and make your payments.

Good Luck

Capital One® QuicksilverOne® Cash Rewards Credit Card

Apr 05, 2015
Great for rebuilding credit
Helpful to 10 out of 12 people

After reading the reviews on here I applied with a 630 TU 617 EX and got instantly approved for $500. Considering I already have the Platinum Mastercard I didn't quiet understand why the CL was so low. One month ago my credit was 497 TU. It is now 630 TU. I have worked hard on my credit and figured I would be bumped in to a different category but I suppose not. Oh well...It's still a good start.