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ravi2009

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What would i need to do to help my credit score rise quicker

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rise quicker

there nothing you can do to make it rise quicker. but paying your debts on time and paying on medical bills keeps the collections off your reports. credit cards help build credit but you should over spend your means of income. small comsumer loans can also build credit but the best is getting a loan from a bank as interest is some what cheaper. just about every loan company charges about 1/3 of the money borrowed.

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1.  Pay all bills on time. (40% OF SCORE) This prevents lates, collections, public notice etc.

2. Make a plan to pay down all credit cards. Get each card balance to less than 30% and eventually 10%. (30% OF SCORE)

3.  Credit mix - Try and have two to three credit cards max, car lease or car loan and a mortgage. (10% OF SCORE)

4.  Keep your older accounts including credit cards because account age affects the credit score. The older the better (10% OF SCORE)

5.  Minimize the number of credit hits. They stay on your report for two years (10% OF SCORE)

Here's a trick- If you have a immediate family member only that has a high limit older credit card with under a 10% balance thats good. Ask them if they can make you a authorized user but when the card comes in the mail cut it up. This way your relative will be protected but your credit score will jump.

A few years back I used to post allot but not so much anymore. I've given you a credit score plan of attack and good luck to you!!!!!!!!!

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