How can I raise my credit score by 50 points in one month's time?
93964
I'm not sure that you can increase 50 points in that short amount of time.  Unless you have a serious discrepency on your report, which you must write to the credit bureau to have investigated and then hopefully fixed, the only way to raise your score is to eliminate late payments to your accounts.  At best, this would take a minimum of 90 days in order to significantly impact your score.
992979
As you make purchases, and make your monthly payments\nON TIME, you will automatically qualify for limit increases. If a year has passed, and your account has been kept in good standing, you can also request a limit increase. Keep in mind, if your goal is to stay out of debt, increasing your credit limits does not sound like a good idea. The fastest way to improve your credit score is with an installment loan, like an auto loan or mortgage. You get a lot more points for paying this type of loan on time than you do revolving, or credit card accounts. Any other questions in this area, feel free to contact me.
644678
I know and used a Attorney, and all he ever did is helped people that have tarnished credit. He proved to me, he increased my credit score 100 points in 4 weeks. That is the first step, clean up your credit, then get a secured or unsecured loan.
222834
With a FICO credit score less than 500 the mortgage you will get will be from a Sub Prime lender(as someone else mentioned) and will have a VERY High rate (possibly close to 10%+) and will probably have a 2-3 year prepayment penalty. \n\nFind a nice apt/house to rent that meets your minimum needs and begin working on your credit. You can radically increase your score within 12 months, and you will get a lot better interest rate. In your case even if fixed mortgage rates rise 1% over the next 12 months(probably not likely)you will still be in a better shape than paying on a high rate mortgage for the next 2-3 years.\n\nGood Luck
919975
pay your bills, get a credit card, yea i said it. buy something everything month with it (like a 40 dollar shirt or something, whatever it doesn't matter) PAY IT OFF every month. you build credit by having credit history. \nI have a loan for like 5k for my car, and other stuff and pay it every month, my credit score has gone up tremedously over the past year because of it.
840276
here is my advice to you and it's true,keep your credit card open for a long time ,don't close it.this will be good for your credit history and make sure you only use 50% of your credit.example you have a credit limit of $1000 only use $500 and don't go over that.this will dramatically increase your credit score.
828425
To get a good credit score you need to have credit. One good way to get a higher rating is to have a revolving credit card, or if you buy something on installment, make your payment every month and never be late. A few months before the installment note is due, pay it all off. Don't get credit cards where you must pay an annual fee in order to have the priviledge of charging with them. If you have a really bad credit card, close it, but don't open and close too many cards. If you have credit cards, put them away and don't use them. If you open and close credit cards it can adversely affect your credit rating. Do not take out credit cards with department stores, even if they offer discounts on your purchases. In fact, they will lower your credit rating. If you have them, close them, If you want to charge in a store it's better to use a regular credit card such as Mastercard or Visa. Be careful when you apply for loans because every time you apply for a loan the lender checks your credit rating. If you have too many inquiries, that can lower your credit score. If you are about to purchase a vehicle or even a home, shop around for the best interest. If you check with numerous lenders that check your credit rating, it won't lower your score because it will show that you are shopping for a particular purchase and it is good to look for the best interest rate. Once you have credit cards, it's best to keep them open, believe it or not, because if you go for a loan the lender will see that other lenders consider you a good risk. (Maybe it's because they know that if you decide to max out your credit cards and leave the country, there will be a lot of other lenders hunting you down besides them!) If you are just starting out and don't have much of a credit history, go to the bank you bank at and ask for a credit card. They will likely give you one with a low credit limit, such as $200.00. Charge on that card and pay the monthly payment on time. Before long you will have a history of whether you are a good credit risk. If you go to annualcreditreport.org you can get a free credit report once a year. They have information on their web site that will tell you  how to improve your credit rating. Put the credit cards that you already have away in a safe place. Just don't open and close them and open new ones. Use credit cards, but always pay them on time, or at the end of the month to avoid paying interest. Good luck.
68236
Purchase things you ALREADY HAVE THE MONEY FOR in the bank.  Then pay them off each month.\nEnsure your card has no annual fees, and it will cost you no more to use the card than it does to have cash.  Just be sure to never, ever, ever spend more than you have in the bank.\nOver time, this will build up your credit.\n\nIf you buy a car using a loan, your interest rate will depend on your credit.  Once you pay it off, your credit will go up (makes good on debts).\n\nBuy a house, and your credit goes WAY up.\n\nGood luck!
511870
Pay your bills on time, don't use more than 25% of limits on cards/charge accounts, don't apply for a lot of credit (inquiries). Be consistent, and it will move up.
227176
try a department store card, or try something like rentway, with a department store credit card you can purchase something small every month and pay the full balance everymonth. by the time 3 months or so passes, once your credit is ran for a "credit Card" you should have an excellent paying history.  my younger sister was having a hard time too, she opened up a JC Penny card account and bought small things every month and paid the balance in full everymonth. 5 months later she got a mastercard.
653948
Well first of all you need to raise your credit. If you want to raise it the fast way, ask someone you know who has really good credit to place your name on their own credit card authority list. This does not mean you get a credit from your friend, it just means you are using his or her credit to push your own credit up. Your friend would just throw away the card that comes in your name and you get to raise your credit.\n\nAlso there are a lot of consolidating companies out there to help you. Why dont you try your local bank company or google it and do some research on the internet.\n\nHave you tried an equity line of credit? This is basically taking a loan out but using your house as collateral. Its a big chunk of loan you get from your mortgage company or from a bank and you can just pay off your credit cards using that loan and just focus on paying off ONE loan instead. At the same time, Equities are tax deductible which means you will get money back from the government from the interest you paid during your tax refund.
814475
I can save you the money by giving my answers to his questions:\n\n    * A dirty little trick that credit card companies use to lower your credit score to keep their competitors away from you; learn if you're a victim of this, including how to fix it.\n\nThis trick is cards like CapitalOne don't report your credit limit, only your high balance.  This can make your utilization appear higher.  To see if you are a victim of this look at your credit report and verify that the reported credit limits match your actual credit limits.  Fix it by either getting rid of those cards or disputing the information with the credit bureau.\n\n    * Which errors on a credit report are a waste of time to fix and which are a high priority (helping you to raise your score by 5, 10, 15, 20 points at a time).\n\nBad advice, if you see an error go ahead and get it fixed.  The low priority items are inquiries greater than 6 months ago and pretty much any incorrect but positive item.  Negative items are obvious, late pays, etc.\n\n    * How to build credit (if you have none) and rebuild credit if you've gone through a divorce, bankruptcy, or other major delinquency.\n\nSmall secured bank loan, secured credit card, small car loan.  Make sure they report.  \n\n    * Why you should NOT become a cash-only citizen; at the same time, learn how to keep credit active without putting yourself into debt.\n\nCredit is handy, no reason no to keep some credit cards around, no need to do more than place an occassional charge on them to keep them active.  No need to ever pay interest.\n\n    * How paying collections can HURT your credit score.\n\nIt re-ages your account.\n\n    * How to prepare for a loan by improving your credit score.\n\nReduce utilization (either increase limits or pay down cards), age off inquiries (more than 6 months and they don't matter).  Dispute off negative items.\n\n    * How to maintain a high credit score for the rest of your life!\n\nPay your bills.
241561
If you have savings and would like to build your credit than open a secured visa card at one of the major banks like Bank of America or Wells Fargo. They both have good programs and low fees.\n\nUse the card every month for a few purchases but make sure and keep the balance under 35% of your credit line. Make your payments before they are due and within 12 months you most likely go to an unsecured status(get back your savings) You will have a 1 year track record of responsibly handling revolving credit which will increase your credit score.\n\nHow much will depend on the other things in your credit files both positive and negative.
946831
If you have a bank account, you may consider asking your bank for a credit card.  They may require that it be secured, which means you would have say $500 in an account that you couldn't touch, and you would be borrowing against that money and paying it back.  Then use it for gas and groceries and pay it back every month.  After a while (six months or so) you can apply for a real credit card, they will see you can pay, and will probably say yes and offer you a higher credit limit. As long as you use the cards, but don't really appear to need the cards, they keep raising your limits. For credit scores to be good once you get your cards, you don't want to have the cards charged up above 30% of the total value.  Stay away from Capital One, they do more injury than good to people's credit scores.\n\nYou can also try jewelry stores and electronic stores if they have anything you want to buy.\n\nThere are other ways too, but they take some major explaining. So if you are curious, email me and I'll respond.  Part of how you better your credit has to do with why you want it improved. What is your goal and why?
167352
I would try to get a very tiny secured loan from the bank.  Maybe $500.  Go to 5 banks and do it.  Next pay all 5 loans back.  Repeat again for a slightly larger amount.  eventually you'll have several loans that show up as borrowed and paid.  This will increase your credit. You should (given time) be able to multiply your way up to $50K.
386037
I just answered this question a bit ago on someone else's question, so if you read it this will be redundant as I just cut and pasted.\n\nAs a victim of ID theft which lead to drastic measures, I have spent the past three years studying and rebuilding my credit. here's what you can do:\n\nHave about 2-4 credit card accounts, but keep the total balances below 50%, no matter what. This is a huge credit score booster. Debt to credit ratio is a large percentage that makes up your credit score. I can simply boost my score 50-70 points in one month with just keeping it below 50%. If its over 50%, the bureau is merciless.\n\nIf you have credit cards but they are all paid off, or you currently do not make monthly credit card payments, this is not good either. The "computers" that calculate your score cannot really calculate anything except history unless you have a revolving balance. Plus the longer credit history you have, the more it helps your score. For example, I have several credit cards all that are paid off. I just use them if I have to, but I always carry a small balance every month ($150) on a Victoria's secret credit card and just pay the minimum-KUST TO KEEP THE SCORE STABLE AND GOOD. The "computers" then can factor in some sort of payment that is being made every month. If you pay nothing, then the computers cannot calculate a "month payment factor" in your score.\n\nIf you don't have a credit card/good credit go to www.orchardbank.com. This place is the most generous in granting and rebuilding credit. After a while where you make payments, they'll boost your limit. You may start with $500 limit, and a high APR, but that's okay, just keep the balance below 50%, and in 6 - 9 months, you really start to be looking good. Department cards and gas cards are also good places to start and are more flexible to poor credit.\n\nAs for your bills like utilities, phone, etc. These will not help your credit because they are not reported UNLESS you don't pay. So pay them so you don't get a delinquency, but otherwise they're useless to you score.\n\nRemember, people with bad credit pull their score an average of 10 times more than someone with good credit. CREDIT BUREAUS KNOW THIS, WHICH IS WHY THEY LEAVE INACCURATE INFO ON YOUR REPORT. Try to keep the inquires down, because that hurts your score too. That's how they make money. That's how banks get their money too. So... I would pull my own credit report at www.myfico.com and check my score regularly. PULLING YOUR OWN CREDIT DOES NOT HURT YOUR SCORE. Then dispute the crap out of everything, even if its right. Write a letter, DO NOT USE THE AUTOMATIC system they want you to. If that doesn't work, try a law firm. www.lexingtonlawfirm.com is a great place to dispute everything. I have used them and iit works well without breaking the bank. $75 initial to start and $35/mo. They write the letters, you can access your info on their website and pick the things to dispute. They know HOW to say it. If you don't write certain things in your dispute letter, the bureaus by law can ignore it.\n\nOne other trick: Go to a bank and tell them you want to buy a house and apply for a mortgage. Let them know your credit is bad and you've been having trouble getting them to fix inaccuracies. Mortgage companies have an "in" and can get your credit corrected with the smap of their fingers. I know this because my wife did this for US BANK on a regular basis.\n\nIf you don't get approved with anything, then try getting a secured credit card until the score gets better. Or have your friend or parents with good credit or credit cards just see if they would be willing to put your name on their card as an authorized user/co-borrower. It doesn't mean you need one (if they're leary of your sepnding habits), you just need the action going on in your report.\n\nALSO, NEVER CLOSE ANY ACCOUNT. This will REALLY hur
1119447
It can vary greatly depending on various personal factors.  You will need at least 5 lines of credit that are well seasoned (at least two years of on time payments and low balances with high limits available.  The trick is to have a substantial amount of credit available and not to use it all.  A home mortgage paid on time for a minimum of 12 months will boost your score as well.  Do not open a bunch of accounts in a short period of time.  Do not apply for accounts that you uncertain whether they will approve you or not.  The other factor is to have successfully paid off a few installment accounts that show as paid in full on a timely basis.  Do not apply for motgages, auto loans, etc; if you have opened accounts that are less than 5 months old.  Newly opened accounts count against your scores.  You can sign up with a credit monitoring service for around $10 per month that will notify you by email every time something changes on your credit bureau accounts, including scores.  It is also useful in protecting yourself against identity theft and acts as an excellent early warning system in the event of unusual activity.\n   Remember, pay on time, keep balances low, ask for limit increases every six months or so.  Maintain several accounts of various kinds.  Pay some off and establish a solid record of responsible borrowing.  Good luck.