adriatictales

1 Contributions 3 People Helped

Member Since: March 2014

Most Helpful Contribution

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

Mar 25, 2016
Helpful to 3 out of 3 people

In all honesty, this is horrible advice. If you are a loan broker, you obviously think more of the bank you work for than your fellow man. People, I have had the lowest score you can imagine, I was in the low 400's due to excessive debt, bad collections and more. And now I am working my way out to 700. Here is how. Stop spending. My wife and I were fed up with living in apartments when we found out we could have a monthly mortgage for less than we were paying in rent, so we finally sat down and made a plan. The bills have to come first. And this is the major reason I say that this persons advice is bad. Yes, getting larger and more credit limits MAY, increase your score, maybe. But you also have to have the dicipline to not use the money. Most people who are pinned down under a bad credit score are there due to bad debts, creditors calling, or unpaid bills. Borrowing more money is not the solution. Debt is just that, debt. And debt does not make you money. Assets however, do. You have to find a way to make your money work for you. And while you are looking at those options, just stop spending money on stuff for a while. Try going a whole month doing nothing but buying groceries, gas, and paying bills. See how much is left over. This is your discretionary income. The money you could do whatever you want with. Then take that money and put it down on a bill that is over due, or a card that needs to be paid down. Where we got into bad debt was everything was always overdue. We were paying an extra 100 dollars a month almost in late fees alone. You would be amazed at how much less stress you will have when everything is paid for the month and there is still money in the bank. Even if it is only 20 bucks...

Activity (1 Total Contributions)

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

Mar 25, 2016
Helpful to 3 out of 3 people

In all honesty, this is horrible advice. If you are a loan broker, you obviously think more of the bank you work for than your fellow man. People, I have had the lowest score you can imagine, I was in the low 400's due to excessive debt, bad collections and more. And now I am working my way out to 700. Here is how. Stop spending. My wife and I were fed up with living in apartments when we found out we could have a monthly mortgage for less than we were paying in rent, so we finally sat down and made a plan. The bills have to come first. And this is the major reason I say that this persons advice is bad. Yes, getting larger and more credit limits MAY, increase your score, maybe. But you also have to have the dicipline to not use the money. Most people who are pinned down under a bad credit score are there due to bad debts, creditors calling, or unpaid bills. Borrowing more money is not the solution. Debt is just that, debt. And debt does not make you money. Assets however, do. You have to find a way to make your money work for you. And while you are looking at those options, just stop spending money on stuff for a while. Try going a whole month doing nothing but buying groceries, gas, and paying bills. See how much is left over. This is your discretionary income. The money you could do whatever you want with. Then take that money and put it down on a bill that is over due, or a card that needs to be paid down. Where we got into bad debt was everything was always overdue. We were paying an extra 100 dollars a month almost in late fees alone. You would be amazed at how much less stress you will have when everything is paid for the month and there is still money in the bank. Even if it is only 20 bucks...