merksy65

3 Contributions 322 People Helped

Member Since: May 2013

About Me: Hard working ever since i was 8 yrs old, always reliable, helpful to those that need it and can help them selves eventually, I try very hard to maintain my accounts, paying my bills on time if not before time, I keep my nose clean, never been in trouble with the law.

Most Helpful Contribution

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

Apr 10, 2015
watch closely
Helpful to 318 out of 331 people

10 months ago i had a score of 550, the easiest credit i could get is with fingerhut, got a $400 credit limit, for the first couple of months i didnt spend more then $100 at a time for bithdays and things i needed around my home and paid it off quick, 3 to 4 times what the payments required each month, Within 3 months my score went up to 613, i needed a newer, more economical car, I had the dealer get the finance company for me, I know the dealer gets kickbacks but i didnt mind, i was on a mission to fix my credit, My payments where $170 per month, I paid between $200 - $230, my fingerhut account credit limit went up to $1000 after 5 months, again I would not spend more then 25% of my limit and paid it off fast, Score went up to 640, just before christmas fingerhut bumped me up to $1600, I use them for presents, spending a little over $500, with W2's coming in mid January I knew i would pay this off fast, went from 28% usage to 17% to 0% by mid March this year and put 4 payments down on my car, i was already 2 months ahead with all these on time and advanced payment my score jumped up to 730 as of last week 4/4/15, i got my first credit card this week, it cost me 4 points and got me a $2000 credit limit 16.99% APR which doesnt start until April next year (was expecting maybe $500 to start) I use my card for Gas and groceries, i make sure i have the cash in my checking account and transfer to my savings each time i use my credit card, I will tranfer the fund to my card at least 5 days before the due date, Im sure this will help my credit score too,  Credit karma tells you what % you are using on your credit accounts, keep a close eye on it and you shoud be seeing a lot of positive numbers on your score, mine went up 180 points in 10 months.

Activity (3 Total Contributions)

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

Apr 10, 2015
watch closely
Helpful to 318 out of 331 people

10 months ago i had a score of 550, the easiest credit i could get is with fingerhut, got a $400 credit limit, for the first couple of months i didnt spend more then $100 at a time for bithdays and things i needed around my home and paid it off quick, 3 to 4 times what the payments required each month, Within 3 months my score went up to 613, i needed a newer, more economical car, I had the dealer get the finance company for me, I know the dealer gets kickbacks but i didnt mind, i was on a mission to fix my credit, My payments where $170 per month, I paid between $200 - $230, my fingerhut account credit limit went up to $1000 after 5 months, again I would not spend more then 25% of my limit and paid it off fast, Score went up to 640, just before christmas fingerhut bumped me up to $1600, I use them for presents, spending a little over $500, with W2's coming in mid January I knew i would pay this off fast, went from 28% usage to 17% to 0% by mid March this year and put 4 payments down on my car, i was already 2 months ahead with all these on time and advanced payment my score jumped up to 730 as of last week 4/4/15, i got my first credit card this week, it cost me 4 points and got me a $2000 credit limit 16.99% APR which doesnt start until April next year (was expecting maybe $500 to start) I use my card for Gas and groceries, i make sure i have the cash in my checking account and transfer to my savings each time i use my credit card, I will tranfer the fund to my card at least 5 days before the due date, Im sure this will help my credit score too,  Credit karma tells you what % you are using on your credit accounts, keep a close eye on it and you shoud be seeing a lot of positive numbers on your score, mine went up 180 points in 10 months.

Keeping Your Credit Cards Active

May 11, 2015
Helpful to 3 out of 4 people

wow isnt credit a strange animal, I just recently applied for a credit card and got it after working very hard this past 11 months bumping my score up 170 pts to 730 on Trans, I was expecting a $500 Credit limit but instead got $2000, this past month i havent gone over 3% on all my credit, I lost 4 points when i applied for the card which didnt suprise me and once i got the card lost another 6, very strange, what is even stranger is that my other score from Equifax went up 11pts from 698 to 709, just so you know i'm not rich, all im doing is on occassion using my fingerhut account which is now at $1600 CL and i have been paying my car loan for a year and is now one third paid off and im currently 3 months ahead on my payemnts, when i first joined CK i phoned the credit help line here to see what they could do to get my credit score back on track, for a fee they would help me reduce my debt, ect, I used what should have been a fee into payments and took care of my own mistakes, it sure did pay off, My advice dont get your self into more trouble then you can get your self out of, use your credit card for gas, utilities and groceries and pay then off at least 4 days before the due date.

Keeping Your Credit Cards Active

May 11, 2015
Helpful to 1 out of 2 people

even though the account is closed and still shows as active on CK I dont think it will hurt anything, old accounts show lenders that you have been using credit for some time, unless you have older active accounts you could contact the leasing company and have them report the closure or don't  do anything about it if it is your oldest account, you could well see a huge drop in your credit score if it's no longer on your report.