How can i increase my credit score within one month?

my credit score is 430... very poor. i pay my bills on time but its not increasing. i want to apply for a loan within one month. please suggest ways. thank you

How can i increase my credit score within one month?

Imran, I suppose a bank initially takes into account the following.

1 They check the voters role to see how long you have been officially registered at your current address, normally they are want proof of where you have been living for the past 5 years. So if you are on the voters role, it shows you have been paying your council tax.

2 County court Judgement. Again as part of the check for the voters role, should anybody have ever taken you to court a ccj will appear against your address on the voters role.

3 Current Employment. How long have you been employed at your curretn place of work and the type of job you have.

4 Credit history, do you have any form of outstanding credit or loans.

5 Security- Are you a home owner ? obviously lenders would rather provide a secured loan rather than a unsecured loan.

6 Also what is the loan for..

As has already been said, it is possible to obtain loans but it may well be at a higher rate APR. Maybe approaching family members is therefore a better way to start before going down the road of approaching sharks

Sm

Good luck anyway.

How can i increase my credit score within one month?

When you find out, let me know, I need a better credit score too, I think mine is about 0.

How can i increase my credit score within one month?

My friend accountant and he told me best way to increase credit scoring is get in debt and pay on time, like mobile phone contract or credit card, not huge debt and anyway don%26#039;t think you can increase your credit history in 1 month it has to be done in a number of months and there is always a loan company who will lend money it just means apr is higher with different lenders!

How can i increase my credit score within one month?

no, pay your bills on time every month.

How can i increase my credit score within one month?

Im sorry to tell you that you can%26#039;t -thats a definate!

Increasing your credit score is really hard now, and has to be done gradualy over a process of many months, often 12 or more.

Even techniques like forcing a CCJ to be removed for example (which can be done, but you have to have good reasons) will take over a month to get actioned.

To build your credit rating, you need to start by paying everything on time, although thats an obvious. You then have to wait 6 months or so and then apply for a bad credit credit card with a high interest rate from lenders like Capital One, Aqua and Vanquis. They have a low credit limit and high interest, as you are a high risk to them.

After 6 - 12 months of paying every payment on time, you can start applying for a normal credit card. If this fails, you wait 6 months and try again. Working this way you can slowly build your credit up.

You have to make sure you pay EVERYTHING on time, unfortuantely due to the current economic situation, the banks have less money to lend (as they need to keep it themselves to cover their losses). As a result they are being much stricter on who they lend to and how much.

Even making a single payment late on something like a mobile phone is enough to practically black list you at the moment!

I`m sorry to say that you can not increase your credit score in a month. If there was a way everyone would be doing it!

Instead, you`ll have to find a lender who accepts people with bad credit, and put up with the high interest rate.

Also, do not apply for more than 3 items of credit in the space of 6 months. If you do this then it looks like you are desperate for money, and so unlikely to pay it back. Any more than that and you will end up with no credit still, and a credit record thats worse than when you started!

Hope you manage to get your loan sorted out, sorry to be the bearer of bad news, but you need to know the facts.

How can i increase my credit score within one month?

To get down to 430, you would need something major on your credit report, such as a bankruptcy or a repo. Those don%26#039;t get cleared in a month.

First, get current on what you owe. Pay the minimums on everything during this next month.