Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Shima2014

0 Contributions
0 People Helped
How can i bring up my credit score
In auto,housing,bills, credit cards

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
57 Contributions
47 People Helped

Click the ARTICLES link above & start reading. Read, study, read, study...

Top Contributor
28 Contributions
541 People Helped

Be patient

I have a story for you, a "bad score to great score" story, and maybe it will help you.

Almost 5 years ago, I decided I wanted to buy a house. I signed up for all the free credit score sites, like creditkarma, to keep track of my score. I started about 560. My husband and I had a business failure, so our credit sucked. I had a foreclosure (never foreclosed on, we sold the house and made enough profit to live there rent-free for a year), a judgment, a sales tax lien from our business, and several credit c ards with balances I knew I could never pay off, and an old cell phone bill. Even though my score was low, I decided to apply for a Capitol One card, and to my surprise, got a card with a $300 limit. That card now has a $3000 limit. About a year later, I applied for another Cap One card, got approved with a $500 limit. That card now has a $7500 limit. My bad debts started to go away, because the 7 year limit was being reached. The foreclosure went first, then the credit cards, then the judgment. One of my cats became critically ill, requiring a trip to the ER in the wee hours of the morning. I had to get a Care Credit card, and was approved for a $2300 limit, which was recently raised to $3300. After waiting for almost 4 years from the time I first decided I was going to buy a home, the tax lien went away and I was able to qualify for a mortgage. September of last year, I purchased a home. I had several thousand dollars saved, but I still had to use state down payment assistance of $15,000. I was able to replace some of my old furniture with my left over savings. A few months ago, the last bad item on my report, the cell phone bill, dropped off. Last week, I purchased a new, 2016, Corolla, and my score was so high (upper 720s) that I didn't even need to income qualify.

In the meantime, while waiting for the score to improve and knowing how badly I wanted to buy a house, every single decision that in any way influenced my finances was decided with this in mind. We  took no vacations, not even a night in a hotel, for almost 7 years. I added several part-time jobs for extra income (I work a full-time job I love but pays poorly, and 3 part-time merchandising jobs. Yes, I work a lot). We rarely ate out, hardly ever saw a movie, and although we love live theater, saw no shows for several years because of the cost. In the past 3.5 years, we've been able to go on 3 cruises (#4 coming up in January), take a road trip to PA and DE to visit friends and family, have a weekend in St Augustine, I visited my brother in DE in May, and in a week we're going to Gatlinburg. We still don't eat out often, nor do we see a lot of movies (mostly because of time limits), but we do occassionaly see a live show, and I've become a huge fan of our local Fringe Festival, which is here the last 2 weeks in May. I kept my 1998 Corolla with 246,000 miles on it until I felt comfortable adding a car payment, something I haven't had for 12 years.

I'm using a little more of my available credit than I like, but we had an expensive year-HUGE vet bill for another very ill cat (he survived and is thriving, the other kitty passed within 6 weeks), a roof leak, a couple of other pet illnesses, some car repairs, and a roof leak. Unexpected expenses go up, non-essential spending goes down. We had originally planned to take a Mediterranean cruise this year, but couldn't afford it because of these expenses, so we're taking a road trip instead.

The moral of the story is, if you're patient, watch your spending, pay ALL of your bills in a timely manner, you can go from bad credit to great credit. I really feel a huge sense of accomplishment at what I've done.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.