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Member Since: March 2014

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

Nov 14, 2014
Advice from a Loan Broker
Helpful to 347 out of 542 people

Obtain as many revolving accounts as possible and keep the balances under 45% of the limit to avoid a negative effect. Keep in mind to only apply for lines that are most probable and make the inquiries within the same reporting period. Every 90 days contact your existing creditors to increase your line and generally you can expect roughly a 20% increase until you hit the maximum allowed for the program. Be sure to do that when your balances are below 20%. You may want to show a high balance of almost maxing out the card the month prior then paying it down to under 20%. That will give justification to raise the limit and show you can successfuly charge it up and pay it down. If you obtain 5 new accounts and raise the limits at least once per account, you should get at least a 50 point bump as long as everything else has been in good standing. After 12 months of seasoning, you could end up seeing another 25 points. 

Activity (1 Total Contributions)

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

Nov 14, 2014
Advice from a Loan Broker
Helpful to 347 out of 542 people

Obtain as many revolving accounts as possible and keep the balances under 45% of the limit to avoid a negative effect. Keep in mind to only apply for lines that are most probable and make the inquiries within the same reporting period. Every 90 days contact your existing creditors to increase your line and generally you can expect roughly a 20% increase until you hit the maximum allowed for the program. Be sure to do that when your balances are below 20%. You may want to show a high balance of almost maxing out the card the month prior then paying it down to under 20%. That will give justification to raise the limit and show you can successfuly charge it up and pay it down. If you obtain 5 new accounts and raise the limits at least once per account, you should get at least a 50 point bump as long as everything else has been in good standing. After 12 months of seasoning, you could end up seeing another 25 points.