Realistically, how much can you raise your credit score in 1 year?

How much can I raise my credit score in 1 year? I have crappy credit now, around 600. I want to buy a house and I would like to know how much I can raise it in one year.

Realistically, how much can you raise your credit score in 1 year?

well it all depends what you have on your credit and how you pay for it,.. i had horrible credit and nothing more than a car payment,.. a year and half ago my credit was 500,.. i now have a house, 2 credit cards, 2 store cards and 2 car loans that i pay on time everymonth and my credit went up 100 points

Realistically, how much can you raise your credit score in 1 year?

Well the most I raised mine was 23 points in 11 months.

Realistically, how much can you raise your credit score in 1 year?

I was told it would take about a year to raise my score 80 points.

If you have a 600 score, you should be able to find a lender. At least, that%26#039;s what I was told when I inquired.

Realistically, how much can you raise your credit score in 1 year?

It depend on the reasons your score is low....

If your score is low do to serious problems like bankruptcy, high collections ect ect, you may not be able to do much with your score --

If it is low because of lack of history and high CC balances you can raise it by 100pts if you worked hard at it.

Realistically, how much can you raise your credit score in 1 year?

Nobody will give you an exact figure.

How much can you raise depends on you personal financial situation which you did not specify, and on your willingness to sacrifice some stuff in order to archive that goal.

Personally I would not be over concerned on my own credit score, but I pay attention to my overall financial situation, or / and my total net worth.

But to answer your question. There are many false advices sometimes given even by bank employers (at least one of them gave it to me) like 閳ユ迹f you have a credit card and carry a balance on it then your score would rise閳? This statement is false in most of cases .

Basically, Your credit score is mathematical probability that you would pay your debt on time, and would not miss a payment / default on it. And the score is pretty accurate. So the answer to you question is: you need to make sure you your ability to pay debt will rise over the time. Then your score will rise accordingly.

For example if you carry credit card debt now, and you required to pay monthly payment on it, your score will rise if you pay off this debt completely. Why? Because you will have more free money available at you disposable once CC debt is payed off. Which you can spend on paying of new debt , if you chose to take one (mortgage for example).

So your goal should be to increase amount of disposable money per month that you have, and save it.

Then your score will catch up, once credit agency will notice your efforts.

Realistically, how much can you raise your credit score in 1 year?

The best way is to get out two credit cards, keep the balances below 50% percent of your credit line and make on time monthly payments. This should take your credit score well above 620, which you need to get a conforming mortgage loan. Also, pay off any bad debts on your credit report over 500 dollars.

For a list of credit cards for people with bad credit visit http://www.bad-credit-credit-card-for-pe... for a summary of unsecured and secured cards to rebuild your credit.

To find out more on home loans for first time home buyers and how credit score effects mortgage rates and down payment, visit http://www.mortgageawareness.com