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sissyvhs32

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At this time with my score/debt what is the best way to raise my score?
my score is at 545 (went down when i received a credit card though i'm not sure why?

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The following is from

http://www.onesourcecr.com/faq.asp#ImproveScore

What can I do to improve my credit score?

There is no quick fix for improving your credit scores.

Develop good paying habits. Late payments and collections have a major impact on your credit score.

If you have missed payments, bring them current. A current late payment can cause your score to drop 100 points. The longer you pay your bills on time the better your score will be.

Derogatory information stays on your credit file for seven years from date of last activity. The older the information, the less importance it will have on your score.

Keep balances low on credit cards. High balances in proportion to the credit limits can affect your score.

Don’t close all unused credit cards. The score will look at available credit to credit used. If you close all unused credit cards, the less available credit you have and then the proportion of credit used to available credit will be high and can affect your score

Don’t open up several new cards at once. This could lower your score. If you want more available credit, spread out applying for new credit over a period of time

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a little more of your credit history would help give you better answers--like why is your score 545--its easier to build up a credit file from a thin file ( not much credit--but whats there is good credit ) than to rebuild bad credit with a bunch of late payments or no payments at all---but both can be fixed--just the bad credit takes a little longer--it's common for a score to drop when a new line of credit has been opened ( credit card, new car, furniture ) its because of the hard inquiry--but don't sweat it--if you pay on time every month and don't try for more credit soon ( give it at least a year ) your credit score will rebound back to where it was in a few months and should go even higher a few points--

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