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!


Posted in Credit Karma
Profile Image

Question By

0 Contributions
0 People Helped
How can I improve my credit fast?
Struggling with the stress of bad credit, I want a fix that is reasonable and smart.

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

View your scores and reports anytime.

All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1507 People Helped

This is probably not the answer that you are looking for, but it is the best answer. First thing that you need to do is a lot of reading. You need to understand everything about credit in order to fix yours. Start reading, be patient and understand that things like this take time, ask questions along the way if needed, but you will need to be more specific about your credit situation for any kind of meaningful advice. Just DO NOT give any personal information.

Top Contributor
270 Contributions
165 People Helped

First, make sure everything on your report is correct. Are there derogatory remarks that could indicate identity theft? 
Assuming everything on your report is correct, there are a couple things you can do. Neither of them is an instant fix--no such thing.

1. The best, fastest way to improve your score, sometimes quite drastically, is reducing your utilization. Make your payments on time, and make sure your utilization is between one and nine percent on the closing date, because this is the day your balance is reported to the bureaus. Depending on when your closing dates are, you could see improvement within days, or in a month at most. 

2. If you have a low number of inquiries in the past two years (four or fewer), consider opening a new line of credit. This will probably cause an initial drop in your score, but over the next few months as you make your payments on time and keep utilization low (if it's a revolving account), you will see it slowly climb back up. Crowd out the bad with some good, but don't do it quickly because then you'll be dinged because of excessive hard inquiries and "seeking credit." One new inquiry every six months is what you should limit yourself to.

3. If you have any open collections, consider paying them or perhaps negotiating a payoff. The improvement to your score will be negligible, but sometimes what is in your reports is more damaging than the number. Open collections could be holding you back more than you think, making it difficult to find a place to live, open new lines of credit, or even get a new job.

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.


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.