What are some pointers on raising your credit score?

What are just some extra things to do to raise your credit score......... Trying to buy a house soon.......

What are some pointers on raising your credit score?

Approx. 35% of your credit score is paying on time. Another 35% is your monthly obligations, total outstanding debt and percentage of lending limit.

You do not want an excessive amount of credit lines open, active and with a balance. Generally no more than 4. You need to keep all balances below 50% of your limit. Check your credit because sometimes credit cards fail to list your limit.

Anything on your credit that is a chargeoff and shows an overdue balance is neg. affecting your credit even more than a collection. These items need to be paid off as a priority.

If you have a collection that has not been %26quot;Last reported%26quot; in 24 months, and the lender does not require it to be paid then don%26#039;t pay it as it could cause your score to decrease because the collection company will now report it as recent activity

Any other major derogatory%26#039;s, such as, judgments, BK%26#039;s etc need to be closed/paid in full.

Be sure any collection, judgment, charge off that you pay; that you receive a letter from that company.

After all that, it is just a waiting game. The more recent something is the more it affects your score. Less than 6 months, less than 12, less than 24 and over 24.

What are some pointers on raising your credit score?

Pay off any outstanding credit cards. That will help more than anything else.

What are some pointers on raising your credit score?

Avoid using credit needlessly, not because of yuour credit score but because every time you use credit it is like taking a 10% hit on your wages.

Pay all your bills and debts well before due date.

Save a buffer of money so that you do not have to use credit frequently

Pay off all credit cards every month rather than carry a balance on a credit card.

Use a line of credit with a low interest rate to carry any needed short term balance.

Plan for unexpected costs by increasing your cash buffer, then do some long term investing.

Put off spending, or totally avoid it to keep money available for things more needed.

When you have debts, pay all of them in proportion to the amount owing for today. Don%26#039;t leave one of them without paying some. And talk to anyone you can not pay as promised. Make sure they are not ready to take you to court for immediate payment,

Use public transit rather than burden yourself with car payments, parking, maintenance, taxes, and of course fines... you do not want that hassle on a shoestring budget.

Oh, yes, budget... even if it means getting MSmoney, or Ubuntu and Gnucash on your computer.

What are some pointers on raising your credit score?

Keep paying all your bills on time. Don%26#039;t close any accounts even if you pay them off because it will lower your score. Check out a mortgage broker, they can research the best rates and only pull your credit report once and send it to potential lenders. Good Luck!

What are some pointers on raising your credit score?

Firstly, show that you are stable both in job and residence. Do not change jobs frequently. Ditto for your residence (unless you are crook). Afterall, lenders look for stability and reliability.

Settle your current debts and minimise credit card spending.

Do not use credit cards for long-term borrowing. Pay your bills quickly.

If you have debt liabilities, try to negotiate and buy some extra time from your lenders. Hire some debt management agency or take advice from a financial expert.