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sweatbb

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1 Person Helped
i need help in raising my credit score, i keep paying for my accts but no higher score
i want to have a better credit score for once in my life. i keep paying theses acct but i don't see and change. what can i do

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Top Contributor
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Just paying on the accounts will take time. No sooner than 6 months to a year. Since your payment history is a average of all your payments for 7 years you can see that just taking into accounts the change in payment history takes time.

Reducing your credit utilization significantly will have a much more pronounced effect on your scores. In other words, paying the minimum each month only really has an effect on your payment history without reducing your debt with any significance. Maying more than minimums will both add to your good payment history AND reduce your credit utilization thereby increasing your credit score much faster.

Also, you good payment history may lead to a lender increasing your credit limit with them (in an attempt to have you charge more on credit making it more difficult to pay your way out of debt) thereby decreasing your credit utilization and raising your credit score faster. It helps if you can resist the temptation to use that added credit limit...

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